TOKYO—The dollar hovered near a two-decade high hit in the previous session on Thursday as investors looked for fresh insight on the global monetary tightening path from a European Central Bank rate decision and comments from the head of the Federal Reserve.
The Aussie dollar tumbled after Reserve Bank of Australia governor Philip Lowe suggested a slower pace of rate hikes going forward. New Zealand’s currency also declined.
The U.S. dollar index, which measures the currency against six major counterparts, edged up 0.04 percent to 109.73, after hitting a peak at 110.79 on Wednesday, a level not seen since June 2002.
Sterling weakened 0.25 percent to $1.1506, heading back toward the previous day’s 37-year low of $1.1407….