The dollar stood close to a two-week high against key peers on Tuesday, shored u...
TOKYO - The dollar stood close to a two-week high against key peers on Tuesday, shored up by a resilient U.S. economy and a flagging euro ahead of a European Central Bank policy meeting.
The euro remained wobbly before the ECB meeting on Thursday. The ECB is facing growing pressure to address how to protect the euro zone economy from a protracted slowdown. Although benchmark U.S. Treasury yields pulled back from peaks seen in late January, underlying demand for the dollar remained solid in a sign of confidence over the economic outlook.“The ECB meeting is unlikely to provide big surprises, but the euro is getting top heavy as the central bank, after all, is expected to strike a dovish tone,” said Shin Kadota, senior strategist at Barclays.Against a broadly firmer greenback, the Australian dollar was down 0.2 percent at $0.
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