Greenback eases as traders wait for Fed policy clues

Greenback eases as traders wait for Fed policy clues

On Wednesday, the evergreen buck eased, with market participants looking past an expected American rate lift later in the day for fresh clues on Fed policy for the rest of 2017.

Against the Japanese yen, the greenback lost 0.1%, hitting 109.98, while the common currency added 0.1%, trading at $1.1217.

The Fed’s expected to announce its monetary policy verdict on Wednesday, at the end of a two-day policy gathering.

The Fed might also provide more clues on how it actually intends to cut its holdings of more than $4 trillion in Treasuries as well as mortgage-backed securities.

Financial experts surveyed by Reuters are assured that the American major bank will raise its benchmark rate to a target range of 1.00-1.25% already this week, although expectations for further rate hikes are fading.

Meanwhile, investors and experts turn to be divided over whether China's major financial institution will follow the Fed and lift its short-term rates or not.

Similar

Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Gold ascends on Brexit jitters

On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera