Greenback stands still with eyes on Fed for rate signals

Greenback stands still with eyes on Fed for rate signals

On Wednesday, the greenback traded below a six-week peak versus the Japanese yen because the market waited for the Federal Reserve's policy statement for further hints on the American interest rate outlook, while the New Zealand dollar managed to strengthen on strong New Zealand jobs data.

The Fed’s generally expected to keep interest rates intact at the end of its two-day policy gathering,  though market participants will look to see whether the US number one bank downplays the recent soft patch in the American economy just to leave the door open for a rate lift in June.

The major American currency last traded at 112.02 yen, which is still not very far from a six-week peak of 112.33 yen achieved on Tuesday.

The US dollar had drifted away from its six-week peak. It’s because April’s poor American car sales data issued on Tuesday contributed to recent concerns as for the outlook for the American economy, which reached a soft patch during the first quarter.

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

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

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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