The euro slipped against the dollar on Thursday after the president of the European Central Bank said the ECB had not decided if its expected interest rate hike earlier in the day was the first in a series. The yen rose to a session peak against the dollar after a Japanese earthquake with magnitude of 7.4 that shook northeast and eastern Japan and resulted in a tsunami warning for the north-eastern coast.
The euro was down 0.5 percent on the day at $1.4268, off a more than 14-month high of $1.4350 touched on Wednesday. Options traders noted demand for short-term upside strikes in the $1.4400 region, as market players looked to protect against a further rise in the euro. Against the yen, the dollar fell to a session low of 84.57 yen after reports of the latest earthquake in Japan reached investors, before climbing back to 84.79 yen, down 0.8 percent. Stop-loss orders were triggered below 84.70.
Comments
Comments are closed.