FXstreet.com (Barcelona) - Dollar end the day mostly higher against major rivals except Japanese Yen, in a high volatile session Thursday. Both central banks BOE and ECB, accomplished market expectations and cut their respective policy rates by 50 basis points, taking the ECB's key rate to 1.5% and the Bank of England's rate to a record low 0.50%. The Bank of England also signaled it will begin a program of quantitative easing, while the ECB left doors opens for more rates cuts, and admitted that there are studying non standard measures which include quantitative easing.
Again, greenback gain as safe haven after China's lack of information about the stimulus measures at the opening of the China's National People's Congress. Risk aversion however seems to be reducing, as the deep fall in American stock that hit a fresh 12 years low, should triggered more selling pressure in European currencies.
Japanese Yen recoup ground all across the board, still understood as a correction to last weeks rally.