US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Greenback stands still as Fed leans on dovish side
On Thursday, the US dollar stood still at lower levels after losses overnight because the major US financial institution leaned on the dovish side.
As expected, the Fed increased its target rate by 25 basis points, though signaled only two more lifts in 2017.
The greenback index was off 0.01%, being worth 100.35, having dropped 1% overnight.
The FOMC pointed out that the pace of the economic revival justified gradual tightening.
Fed Chair Janet Yellen hinted that the major US bank would tolerate inflation above its 2% objective.
In its statement the Fed informed that its objective happens to be symmetric, stressing that 2% isn’t a ceiling for them at all.
The US dollar was off 0.31%, reaching 113.04 yen as Japan’s major bank kept its policy on hold, as expected.
The BOJ short-term key lending rate is intact at -0.1% and its objective for the 10-year bond yield is at zero.
The common currency euro hit the $1.07 mark, following the outcome of the Dutch elections.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!