(MENAFN– ecpulse)
The dollar and euro were at top of the currency trading list after the FOMC surprise to refrain from reducing its $85 billion of monthly bond buying as it sees the U.S. economy needs better recovery.
Also, policymakers in the European Central Bank stated next year’s balance-sheet reviews should be carefully timed as investors could be sparked, as the ECB comes closer to taking over supervision of all euro-area lenders in 2014.
The EUR/USD rose early Thursday to a third straight session, logging its highest at 1.35311 after hitting the low at 1.35166. The EUR/USD began today`s session at 1.35229.
Separately, the Japanese yen gained notably versus major currencies after data showed the trade balance deficit narrowed, having the EUR/JPY declined to a low of 132.568 from high a of 132.863.
The yen also rose versus the greenback for the second day, where the USD/JPY pair fell to a low of 97.977 from a high of 98.272, while the pair started today’s session at 98.175.
Opening this session at 158.377, the GBP/JPY fell significantly to a low at 158.167 from the highest at 158.508.
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