On Wednesday, the single currencies edged up to a one-year high against the Greenback especially after the ECB chief Mario Draghi comments made last Tuesday that were seen as hawkish.
The common currency jumped to $1.440 vs. USD before declining to $1.385, after Draghi pointed out that the markets misunderstood his last statement.
The U.S. dollar declined yesterday vs. a basket of major currencies after the U.S. Senate delayed a healthcare legislation vote initially expected this week.
The Yellow metal failed to manage its gains and settled at $1,250, in anticipation of the GDP data from the U.S. for the first quarter of 2017, which could expand by 1.2%.
The Sterling pound rose as much as 1% to hit its highest levels in three weeks vs. USD, after the chief central banker acknowledged the case for higher rates that appeared to be growing. Cable settled at $1.2960 vs. USD, the highest level since the day of the general election.
Also on Wednesday, Oil prices edged up for the fifth day in a row, bolstered by U.S. data that showed the amount of crude in storage increased more than expected. The U.S. crude traded at $45.
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