The pound was under pressure before the Bank of England meeting while the Norwegian krone outperformed following the Norges Bank decision.
GBP/USD down 0.2% to 1.2697, snaps a three-day advance; investors and economists expect the BOE to leave the benchmark rate at a 16-year high of 5.25% after inflation data on Wednesday bolstered the case to wait a few more weeks to see which way price pressures are headed.
EUR/NOK drops 0.6% to 11.2852, lowest since Jan. 30; Norges Bank held its benchmark deposit rate at 4.5% as expected, but said that it will probably need to keep borrowing costs at the highest level since 2008 for the rest of the year.
USD/NOK down a fourth day, drops 0.4% to 10.5296, lowest since June 12.
EUR/CHF rallies as much as 0.5% to 0.9550; SNB lowered its benchmark rate by 25 basis points to 1.25%.
President Thomas Jordan said that the "underlying inflationary pressure has decreased further compared with the previous quarter owing to somewhat lower second-round effects" and that the central bank can intervene to buy or sell the franc in the spot market.
The Bloomberg dollar index advances by 0.2%, buoyed by weakness in the euro and the yen; 10-year Treasury yields up 3bps to 4.25%.
US housing starts and initial jobless claims due Thursday; Fed's Kashkari and Barkin to speak.
EUR/USD slips 0.3% to 1.0713; options-related bids above 1.0650, leveraged offers remain in place all way up to 1.0780, two Europe-based traders say.
USD/JPY rises 0.2% to 158.44, highest since April 29; the pair is up a sixth day, its longest winning streak in three.
Source : Bloomberg
