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LONDON The dollar fell from a two-week high on Thursday, while traders focused on economic data that may provide clues on when the Federal Reserve will dial back monetary stimulus and a Bank of England meeting.
The dollar has rebounded from a one-month low over the past week, swung by U.S. economic data that has largely supported the case for a rapid recovery from the pandemic.
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Global currency markets were generally calm as European markets opened. The Australian dollar fell sharply overnight when China said it would stop its economic dialog with Australia, but the currency had recovered to trade close to flat on the day as European markets opened.
FOREX-Dollar slips from two-week high; Bank of England meeting in focus
The dollar fell from a two-week high on Thursday, while traders focused on economic data that may provide clues on when the Federal Reserve will dial back monetary stimulus and a Bank of England meeting.
The dollar has rebounded from a one-month low over the past week, swung by U.S. economic data that has largely supported the case for a rapid recovery from the pandemic.
Global currency markets were generally calm as European markets opened. The Australian dollar fell sharply overnight when China said it would stop its economic dialogue with Australia, but the currency had recovered to trade close to flat on the day as European markets opened AUD=D3.