Greenback is steady vs. euro and yen
On Friday, the evergreen buck didn’t change a lot against the common currency and the Japanese yen, after the ECB held back from introducing extra easing measures and as speculation surrounding radical stimulus measures by the BOJ were shot down.
The currency pair EUR/USD stood still at 1.1033 after the ECB left its benchmark interest rate intact at a record-low 0.0% on Thursday.
Commenting on the decision, ECB President Mario Draghi told that European markets withstood the post-Brexit volatility with quite encouraging resilience, though reiterated that the major bank is ready to act by employing all the instruments available under its mandate if required.
The currency pair USD/JPY last traded at 105.87, off the previous trading session’s seven-week peak of 107.48.
On Thursday, the Japanese yen had strengthened after Haruhiko Kuroda BOJ Governor in a BBC interview played down speculation Japan might be preparing the so-called helicopter money economic stimulus, suggesting injecting cash directly to the national economy by printing money.