Dollar fluctuates as traders look for major bank clarity

September 6, 2016

On Tuesday, the evergreen buck meandered against the Japanese yen as well as other key currencies, amid uncertainty over the timing of the Fed’s next rate lift. Lack of clarity over the BOJ’s policy outlook also made the Japanese yen trade sideways.

The greenback’s surging momentum since Friday’s American jobs data against the Japanese yen and the common currency has eased, weighed on by downbeat mood over the pace of the Fed’s rate hikes.

The Fed’s comments are suggesting they will do at least once this year, though the market isn’t convinced yet.

More Fed official speeches are expected to be delivered later this week, including one by John Williams, Fed Bank of San Francisco President.

The greenback traded at ¥103.66, compared with Monday’s outcome of ¥103.44 in North American trading hours. The euro stood intact at $1.1148. As for the sterling, it was at $1.3325, rising from $1.3303, having obtained a boost on Monday on theВВВ issue of surprisingly strong British services activity data.

Publication source
FBS information  FBS reviews

February 23, 2017
FOMC meeting minutes signal rate hike fairly soon – dollar unimpressed
The minutes from the most recent FOMC meeting three weeks ago – the first such meeting since Donald Trump’s presidential inauguration – were released on Wednesday afternoon...
February 23, 2017
Political instability hits the Euro
The Euro plummeted to a 6-week low in today’s trading session before slightly recovering as predictions of political instability swept through the European Union on the back of upcoming elections due out in the upcoming months...
February 23, 2017
Gold prices remained under pressure
The precious metal traded mostly sideways on Wednesday. Tuesday’s recovery helped gold to reverse all its early losses. Buyers returned the spot to the 1240 hurdle where the pair XAU/USD stood still the first part of the day...

OctaFX Rating
XM Rating
Fort Financial Services Rating
NPBFX Rating
Exness Rating
Vantage FX Rating

Binary.com Rating
Banc De Binary Rating
IQ Option Rating
Empire Option Rating
Dragon Options Rating
TropicalTrade Rating