Dollar Hovers Below 3-Month High to Euro

The US dollar hovered below a three-month high to the euro on Thursday as attention turned to the European Central Banks rate-setting meeting later in the day.

The US dollar index - measuring the currency against a basket of six developed-market peers, including the euro and yen - edged 0.16% lower to 104.56 in the Asian morning.

The yen pulled away from near a 10-month trough to the dollar as a decline in long-term Treasury yields removed some support for the US currency.

The euro added 0.21% to $1.07515, continuing its grind higher from last weeks low of $1.0686.

The dollar slipped 0.22% to 147.105 yen, falling back from near last weeks peak of 147.875.

The benchmark 10-year Treasury yield eased a1.3 point (bp) to around 4.235% in early Thursday trading.

Meanwhile, the Australian dollar rose as much as 0.5% to the highest since Sept. 5 at $0.64545 after figures showed the economy added a consensus-beating 64,900 jobs in August.

Source: Qatar News Agency