MW: Dollar treads water against rivals in Asian trading
By MarketWatch
TOKYO (MarketWatch) -- The dollar continued to edge up against the euro and sterling, while it ceded some ground to its Japanese rival Thursday, ahead of regular European Central Bank and Bank of England monetary policy meetings later in the session.
The ECB is seen as virtually certain to hold its key lending rate unchanged at a record low 1%, while the BOE is expected to keep its key rate on hold at a record low 0.5% and to leave its 200 billion pound ($318 billion) bond-purchase program on pause. Read ECB, BOE preview.
The dollar index (DXY 80.95, +0.06, +0.07%) , a measure of the greenback against a trade-weighted basket of major currencies, was buying 80.980, nearly flat with 80.981 in late North American trading Wednesday
The euro (EURUSD 1.3154, +0.0002, +0.0152%) fell slightly to $1.3150 from $1.3157, and the British pound (GBPUSD 1.5886, +0.0003, +0.0189%) changed hands at $1.5877, down from $1.5887.
The dollar (USDYEN 86.1400, -0.1800, -0.2086%) was buying ¥86.08, down from ¥86.24 late Wednesday but still well off recent lows below the ¥85.50-yen level.
