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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 Thursday, the major US currency kept bargaining near a 13-month maximum because the political downtime in Turkey receded, while worries as for China's economic health kept backing safe-haven assets…
On Wednesday, the evergreen buck rose to its highest value for over a year because a crisis in the Turkish lira, which affected emerging markets, drove demand for the US dollar as a safe-haven asset…
On Tuesday, the common currency kept to a one-year minimum versus the evergreen buck and the Swiss franc…
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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