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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 Friday, the evergreen buck slumped after Donald Trump had the Federal Reserve heavily criticized for lifting interest rates, although it was still on target for a second winning week…
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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