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The dollar remained at 32-month lows against other majors, as concerns over the potential impact of Hurricane Irma on the Florida coast and tensions with North Korea continued to weigh on the greenback. The single currency rallied after the European Central Bank left interest rates unchanged as expected on Thursday and signalled that information on the tapering of the central bank's asset-purchase program would be delivered in October. Meanwhile, sentiment on the greenback remained vulnerable as markets monitored the advancement of Hurricane Irma. The category 5 storm is projected to hit Florida over the weekend. Market participants seemed to shrug off remarks by New York Federal Reserve President William Dudley on Thursday calling on the U.S. central bank to continue gradually raising interest rates, as low inflation should rebound.
U.S. President Donald Trump said that he would prefer not to use military action against Pyongyang to counter its nuclear and missile threat but that if he did it would be a "very sad day" for the North-Korean leadership.
Source: Investing
More will update soon!!
