Euro down on US dollar ahead of interest rate decisions

: The Euro drop slightly against the U.S. dollar on Thursday as bargainers awaited involvement charge per unit determinations from the European Central Depository Financial Institution and the Depository Financial Institution of England.

The 15-nation Euro bought US$1.5425 in morning time European trading, down from US$1.5446 late Wednesday in New York. The British lb sank to US$1.9487 from US$1.9554 on Wednesday, while the dollar rose to buy 106 Nipponese hankering from 105.26 in New York.

The dollar strengthened just before meetings of the ECB and Depository Financial Institution of England, where both were expected to maintain their involvement rates unchanged.

The dollar have been dragged down over recent calendar months by the Fed's aggressive charge per unit cuts as it seeks to hike a faltering economy. Lower Berth involvement rates often weigh on a country's currency as investors transportation finances to higher-yielding assets.

"The bill stays in a generally cheerful temper as bargainers oculus the prospect of U.S. charge per unit tramps in the latter portion of the twelvemonth although in the approaching hours, fresh directional economical information could turn out to be somewhat thin on the ground," said Jesse James Hughes, an analyst with CMC Markets in London. Today in Business with Reuters