Dollar recovers as central bank decisions loom

2026-02-05 - 02:06

The US dollar index, tracking the greenback against six currencies, rose 0.2% to 96.671 after nearing a two-week high earlier. (EPA Images pic) SINGAPORE: The dollar steadied at the start of Asian trade on Thursday ahead of interest rate decisions from the European Central Bank and the Bank of England, both of which are expected to keep rates on hold later in the global day. The US dollar index, which measures the greenback’s strength against a basket of six currencies, was up 0.2% at 96.671, having traded near a two-week high earlier. The euro was steady at US$1.1800 ahead of the European Central Bank decision, where it is expected to keep rates on hold. Investors’ attention will be focused on