Greenback fluctuates above 13-month minimum ahead of Fed verdict

Greenback fluctuates above 13-month minimum ahead of Fed verdict

On Wednesday, the American currency fluctuated above a 13-month minimum versus a basket of key currencies because market participants waited for the Fed’s policy statement for further clues on the timing of another monetary tightening.

The major US bank is generally expected to keep interest rates on hold at the two-day gathering to be concluded on Wednesday. Market participants will be watching for any signs on whether the bank might lift rates again in 2017, and when it will start paring its huge bond portfolio.

There’s some focus on the likelihood that the key US financial institution could drop a hint at September as the starting date for reducing the bank’s balance sheet. That’s what head of trading in Asia-Pacific for OANDA, Stephen Innes told in Singapore.

Versus the Japanese yen, the major American currency was intact sticking to 111.89 yen, holding revenues having soared 0.7% on Tuesday.

The common currency stood still at $1.1647.

Similar

Aussie and Kiwi are at 4-month peaks vs. weaker US dollar

On Monday, the Australian and New Zealand dollars were keeping to four-month maximums versus their American rival because the broadly stronger common currency kept weighing heavily on the US currency notwithstanding Friday's mostly positive American data…

Greenback keeps to 4-month minimums ahead of American data

On Friday, the evergreen buck was keeping to four-month minimums versus other key currencies because Thursday's dismal American economic reports still put pressure on the US currency and market participants closely watched the publication of major US…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

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

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