The U.S. dollar edged lower in early European trade Thursday, handing back some of the previous session's gains, but activity is limited as traders look for more monetary policy cues from speeches by a series of central bankers, including Fed Chair Jerome Powell.
At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, dropped 0.1% to 105.382, after rebounding from the near two-month low of 104.84 earlier in the week.
The dollar suffered a sharp selloff last week on rising confidence that the Federal Reserve has ended its interest rate-hiking cycle, but there has been a degree of consolidation this week after a number of Fed speakers warned against complacency.
EUR/USD traded flat at 1.0707, stabilizing after weakness in the previous session as eurozone retail sales fell 0.3% month-on-month in September.
GBP/USD also traded largely unchanged at 1.2284, having earlier in the week hit a seven-week top above 1.24.
USD/JPY fell 0.1% to 150.93, retreating from the 151 level, which was briefly breached last week following dovish signals from the Bank of Japan.
AUD/USD rose 0.2% to 0.6414, with the Aussie dollar steadying after dovish signals from the Reserve Bank of Australia triggered steep losses this week.
Source : Investing.com
