FX : CURRENCIES: Dollar Edges Higher In Asian Trading
CURRENCIES: Dollar Edges Higher In Asian Trading
By Lisa Twaronite
The dollar edged higher in Asian trading Thursday, after earlier falling near a seven-week low against its Japanese rival.
The dollar slipped as low as 91.92 yen in early Tokyo trading, as investors sought the perceived safety of the lower-yielding Japanese currency.
The greenback later erased the loss to trade at 92.35 yen, above 92.21 yen in late North American trade Wednesday.
The euro was buying 132.01 yen, after falling as low as 131.14 yen earlier Thursday.
The dollar index (DXY), which measures the U.S. currency against a basket of six major counterparts, stood at 78.278, down from 78.339 late Wednesday.
The euro rose against the dollar, as investors awaited the European Central Bank's latest interest-rate decision, expected at 7:45 a.m. Eastern time. The euro was buying $1.4291 compared to $1.4274 late Wednesday.
The ECB was not expected to move interest rates from the present 1%.
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