Investing.com - The dollar continued to hover at eight-month lows against the other major currencies on Thursday, amid growing signs of tighter monetary policy from several major central banks around the world.
EUR/USD gained 0.40% to a fresh one-year high of 1.1423
The euro remained supported after European Central Bank President Mario Draghi indicated on Tuesday that the bank could soon start to unwind its quantitative easing program.
GBP/USD advanced 0.44% to 1.2984, the highest since May 25.
The pound strengthened broadly after Bank of England Governor Mark Carney said Wednesday that some removal of monetary stimulus is likely to become necessary as spare capacity in the economy erodes.
The BoE’s monetary policy committee was split 5-3 at its meeting earlier this month on whether to raise interest rates from a record-low 0.25%. Carney voted to keep rates unchanged.
Earlier Thursday, official data showed that U.K. net lending to individuals rose by £5.3 billion in May, beating expectations for an increase of £4.0 billion.
Elsewhere, USD/JPY rose 0.27% to 112.59, while USD/CHF slid 0.30% to trade at 0.9566.
The Australian dollar was stronger, with AUD/USD up 0.47% at 0.7675, while NZD/USD held steady at 0.7310.
Data earlier showed that New Zealand’s ANZ Business Confidence index rose to 24.8 in June from 14.9 the previous month.
Meanwhile, USD/CAD eased 0.09% to trade at 1.3026.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.21% at a fresh eight-month low of 95.49.