London—The euro, pound, and dollar stabilised on Thursday as China’s yuan fell from a 3–1/2-year high and was set for its biggest drop in more than four months. With the U.S. Federal Reserve, European Central Bank, and Bank of England among those meeting to discuss monetary policy next week, investors will be keenly watching for forward guidance, especially from the Fed, where some analysts expect a faster unwinding of pandemic-era stimulus plans. The euro had edged 0.25 percent lower to $1.1313 by 1240 GMT, still close to one-week high touched the previous day after a Reuters report that the ECB will debate policy tweaks at next week’s meeting. The U.S. dollar, against a basket of currencies, nudged 0.2 percent higher to 96.145, some way from the 16 month high of 96.938 touched in November. Sterling was 0.1 percent lower at $1.3185, after touching new 2021 lows the previous day, as British …
Euro Slips, Dollar Rises With Central Banks in Focus; Yuan Drops
December 9, 2021
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