Currencies: Euro retreats from 6-month high after ECB comments

The U.S. dollar rose in volatile trade on Thursday, after European Central Bank President Mario Draghi said a substantial degree of monetary accommodation was still needed in the eurozone. Investors also watched a Capitol Hill appearance by fired Federal Bureau of Investigation boss James Comey and a U.K. parliamentary election.

The U.S. dollar index DXY, +0.35%DXY, +0.35% which compares the dollar with a half-dozen major rivals, rose 0.3% to 97.02, but remains sharply lower for the year, having dropped 5.1% thus far in 2017. The WSJ Dollar Index BUXX, +0.14% which looks at the buck against 16 currencies, was up 0.2% at 88.31.

>>> Original Source <<<