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Home>Dollar higher against European currencies, including significant move against pound

Dollar higher against European currencies, including significant move against pound

Dollar higher against European currencies, including significant move against pound

10/05/2017

By Rachel Koning Beals

Pound falls below $1.32 for the first time in over 3 weeks

The dollar on Thursday made up some ground against most European rivals but eased against its Japanese counterpart ahead economic data, including Friday's jobs report, that could point to the likelihood of interest-rate hikes beyond December's expected move.

One the larger movers was the pound, falling below $1.32 for the first time in over three weeks, while against the euro the pound plunged half a percent, leaving it to teeter just above EUR1.12.

Where are currencies trading?

The ICE U.S. Dollar Index , which measures the U.S. currency against six rivals, was up 0.2% at 93.609. The WSJ U.S. Dollar Index --a broader measure of the greenback--gained 0.1% to 86.69.

The euro was buying $1.1742, up from $1.1761. Similarly, the British pound fell to $1.3166, versus $1.3246 late Wednesday.

Compared with the Swiss franc , the greenback bought 0.9766 francs, slightly up from 0.9749 late Wednesday.

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