Us Dollar Leaps As ECB & Boe Recommit to Easy Money

The single currency slid 0.9 percent to a five-week low of $1.2884 at one stage before steadying at $1.2910 in early Asian trade, thanks to bids from regional central banks. The pound was stripped of gains made earlier in the week and sank 1.3 percent to a trough of $1.5054.

The U.S. dollar sped higher on the euro and sterling on Friday after the ECB and BoE both blindsided markets with decidedly dovish policy guidance, leaving the Federal Reserve as the only major central bank with any inclination to rein back stimulus.

News are provided by InstaForex.