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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.
On Tuesday, the Canadian dollar inched down versus its American rival due to the fact that an uncertain outlook for global trade compensated the lift from the highest crude prices for three months…
On Monday, on the Investing…
On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
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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