The euro held onto gains against the dollar on Thursday as traders braced for a European Central Bank meeting to gauge policymakers' views on the common currency's recent appreciation and its impact on inflation.
The Sterling steadied above a six-week low but could lose more ground due to growing concern that Britain and the European Union will fail to agree on a trade deal.
While markets expect the ECB to keep policy steady, investors will closely watch President Christine Lagarde's comments on how the euro's rise to a two-year high this month affects the outlook for inflation and economic growth.
The euro bought $1.1805, holding onto a 0.3% gain from the previous session.
The British pound traded at $1.2990, recovering slightly from a dip to a six-week low of $1.2839 on Wednesday.
04 Dec 2020 04:48 PM
India's benchmark stock index retreated to close above 45,000 points for the first time ever as the RBI upgraded its GDP target for the current fiscal year and kept interest rates steady amid high inflation.
04 Dec 2020 03:57 PM
Indian rupee stayed higher tracking uptick in regional peers
04 Dec 2020 11:51 AM
Indian equities touched record highs after the RBI kept interest rates steady due to high inflation, and retained its accommodative monetary policy stance
04 Dec 2020 11:35 AM
Yuan rose to a fresh 2 1/2-year high against a weakening dollar, despite fresh signs of tension between the US and Chinese economy.
04 Dec 2020 11:01 AM
Gold prices strengthened and are on track for their first weekly gain in a month, as growing optimism over a U.S. fiscal stimulus deal pressured the dollar and boosted Gold appeal as an inflation hedge.
04 Dec 2020 10:44 AM
Indian rupee was trading at 73.73/73.74 compared to 73.90/ 73.91 in the previous session, as the Dollar Index continued to decline in anticipation of the U.S. monthly non-farm payrolls report.