Dollar moves higher against the other major counterparts
ahead of weekly U.S jobless claim report as sentiment on the yen remained under
broad pressure and investors also awaited the Bank of England’s upcoming policy
decision.
Sentiment on the yen remained fragile since Japanese
Finance Minister Taro Aso said on Monday that financial authorities are
prepared to intervene in the currency market if excessive moves in the yen are
enough to affect the country’s economy.
However, Bank of Japan Governor Haruhiko Kuroda said
earlier Thursday that it would be difficult for Japan's finance ministry
to intentionally weaken the yen to boost exports.
EUR/USD edged down 0.14% to 1.1409.
The dollar was steady against the pound, with GBP/USD at
1.4438 and was lower against the Swiss franc, with USD/CHF shedding
0.20% to 0.9692.
Later Thursday, the BoE was expected to leave its
benchmark interest rate unchanged at 0.5% at the level of its monthly asset
purchases at £375 billion.
More will update soon!!
