Major currencies kept to tight ranges on Thursday as traders focused their immed...
TOKYO - Major currencies kept to tight ranges on Thursday as traders focused their immediate attention on the European Central Bank’s policy review, while the Australian and Canadian dollar languished near two-month lows.
The Aussie and the loonie hit their lows as investors trimmed holdings on growing expectations policymakers would leave interest rates alone for the time being or even lower them to counter their weakening economies. The Aussie was last at $0.7034, pulling up slightly after edging down to a fresh two-month low of $0.70205 early in the session.
The dollar index, which measures the greenback against a basket of six key rivals, remained untraded on Thursday after ending Wednesday at 96.873.
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