Dollar flat, pound steady ahead of BoE

Dollar flat, pound steady ahead of BoE

Investing.com  | May 11, 2017 03:16

Investing.com - The dollar was flat Thursday as the market assessed the fallout from Trump's sacking of FBI Director James Comey.
The dollar index was off 0.03% at 99.47 at 02:45 ET.
There are concerns Comey's abrupt dismissal could prove a distraction for the Trump administration's economic agenda.
The dollar remains supported by expectations of further U.S. tightening this year.
Investing.com's Fed Rate Monitor Tool shows the chances of a June hike at over 80%.
The pound was steady at the $1.29 mark ahead of the BoE rate decision and inflation report.
The BoE is expected to keep policy on hold, raise its inflation projections and lower growth forecasts as Brexit talks proceed.
The yen rose against the dollar supported by a bigger-than-expected Japanese current account surplus in March.
The euro was flat below $1.09 as ECB chief Draghi said Wednesday it was too early to remove monetary stimulus.
The ECB is due to release its economic bulletin and the EU its economic forecasts.
The kiwi fell as the RBNZ kept its key rate at a record low of 1.75% and stood neutral on future policy.

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