Forex- U.S. Dollar Rallies as Euro Falls

© Reuters. The dollar rallied on Thursday. – The dollar gained ground on Thursday, as the euro fell after comments from European Central Bank President Mario Draghi.

The euro was down, with falling 0.44% to 1.2106 as of 11:14 AM ET (15:14 GMT) as investors worry that the eurozone’s economy is rebounding and the European Central Bank could wait to tighten monetary policy.

Draghi said that, before adding that the ECB didn’t discuss plans for its June meeting. The ECB left rates unchanged at its meeting earlier on Thursday and and reiterated its pledge to continue buying government bonds until at least the end of September, or until inflation has risen sustainably close to its target of 2%.

The dollar rose, as bond yields fell after rising over 3% earlier in the day, a level not seen since 2014. The yield on the benchmark Treasury note was down 0.62% at 3.005.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose to a three-month high of 91.30.

The dollar fell against the yen, with decreasing 0.05% to 109.37.

The pound was lower with inching down 0.02% to 1.3928.

Elsewhere, the Australian dollar was lower, with down 0.09% to 0.7556 while decreased 0.13% to 0.7059.

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