US$ steadies after worst fall in 2 months

London

THE US dollar recovered from a one-month low on Thursday as investors bought the currency on the back of sharp falls prompted by the US Federal Reserve's failure to give a hawkish message on further rate rises.

The dollar index which measures its strength against a basket of major currencies saw its biggest one-day fall in two months on Wednesday and the euro, consistently resistant to dollar strength since November, jumped by the most in nine months.