On Thursday, the dollar remained close to its five-week low, while the euro reached a seven-week high amid expectations of monetary easing by the Federal Reserve.
In general, European stock markets were up on Thursday morning. At the opening, the Stoxx Europe 600 index gained 0.3%, the CAC 40 and SBF 120 rose 0.4% each, while the DAX 40 in Frankfurt climbed 0.7%.
In Asia, the Nikkei index on the Tokyo Stock Exchange was up 2.3%. The Shanghai Composite index fell 0.1% and the Hang Seng index on the Hong Kong Stock Exchange rose 0.7%.
Dollar weakened by prospect of rate cut
The US dollar remained weak on Thursday ahead of the Fed meeting, following disappointing economic data in the United States, reinforcing hopes of a rate cut as early as next week. The dollar index, which reflects the value of the greenback against a basket of six major currencies, was trading around 98.92, a five-week low.
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