Dollar steadies as Fed leans on dovish side

16 March, 2017

The dollar steadied at lower levels Thursday after losses overnight as the FOMC leaned on the dovish side.As expected the Fed raised its target rate by 25 basis points but signaled only two more hikes this year.The dollar index was off 0.01% at 100.35 at 03:30 ET after falling 1% overnight.The FOMC indicated the pace of the economic recovery warranted "gradual" tightening.Chair Janet Yellen hinted the Fed would tolerate inflation above its 2% target.In its statement the Fed said the target is "symmetric." Yellen said: "Two percent is not a ceiling."The dollar was off 0.31% at 113.04 yen as the BoJ as expected kept its policy on hold.The BoJ short-term key lending rate remains at minus -0.1% and its target for the 10-year bond yield at zero.The euro hit the $1.07 mark as the outcome of the Dutch elections helped assuage fears of growing populism.PM Mark Rutte's Liberals defeated Geert Wilders' anti-Islam, anti-EU Freedom Party.Attention now turns to the first round of the French presidential election next month.

Source link  
Dollar Rebounds, Euro, Pound Fall

The dollar rebounded from five-week lows against a currency basket on Tuesday, sending the euro and the pound to the day’s lows after fears of a trade...

Dollar slips lower vs. rivals

The dollar slipped lower against other major counterparts on Friday, as recent comments by the Federal Reserve continued to weigh and as investors...

Dollar holds steady

The dollar held steady against the other major currencies on Wednesday, as investors were eyeing the release of U.S...

Pound remains weaker

Sterling remained weaker in Asia on Friday as UK elections pointed to a hung parliament and the potential ouster of Theresa May as prime minister should the...

Gold climbs to 5-month highs

Gold prices climbed to five-month highs on Friday, as news of U.S. airstrikes against Syria boosted demand...

Rates still unusually low

New York Fed President William Dudley said on Thursday that interest rate hikes are appropriate to reduce the risk of the economy...

Dollar steady at 5-week lows

The dollar was little changed at five-week lows against other major currencies on Friday...

In the past 24 hours Bitcoin has lost -1.25% and reached $6456.75348959. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0.6352% and is now at $1.1587. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 3.13% and is now at $203.685637546. Have the most popular cryptocurrencies compared online 24/7.

Top Brokers offering Daily Forex Market Reviews

Forex Currencies Forecasts

Top 10 Forex Brokers 2018

# Broker Review
6FIBO GroupFIBO Group84%