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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.
On Tuesday, the evergreen buck went down to the lowest value of the day versus its key rivals ahead of a highly-anticipated two-day Fed gathering starting later on Tuesday…
The Federal Reserve is anticipated to be one of the most aggressive major central banks when it gets to the monetary policy…
Coming off the best trading marathon for crypto assets since late July, the world’s number one crypto currency, Bitcoin headed south on Monday…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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