Dollar Eases Slide Ahead of BoE and ECB Meetings – 2 February, 2022

The dollar was able to pause a slide as traders awaited central bank meetings in Britain and Europe and as tech and social media stocks slumped. The risk-sensitive Australian and New Zealand dollars fell slightly in morning trade. The Aussie was last down 0.2% at $0.7120 to $0.7180. The kiwi was 0.1% lower at $0.6625. Sterling and the euro did not extend recent gains, with Sterling hovered at $1.3560 and 83.29 pence per euro. The common currency was marginally weaker at $1.1297. The yen held at 114.41 per dollar. Asian trades were quieter due to the Lunar New Year holiday. Traders are awaiting policy decisions from the Bank of England and the European Central Bank this Thursday.