Dollar steadies, euro eases as markets calm after busy central banks week

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Dollar steadies, euro eases as markets calm after busy central banks week - Channel News Asia

Quick Summary:

TOKYO :The dollar steadied on Friday against other major currencies, including the euro which was set for its first weekly drop this month, as a busy week for central banks wrapped up and caution remained about the impact of a global trade war.The U.S.

The Bank of England on Thursday warned that investors should not assume further cuts were guaranteed, given the uncertainty hanging over the global and UK economies.

The euro had rallied in the past two weeks on German Chancellor-in-waiting Friedrich Merz's spending plans although questions about how much and when it will be spent remained.