FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
FXCC information and reviews
FXCC
90%
Markets.com information and reviews
Markets.com
89%
FxPro information and reviews
FxPro
88%
EUR/USD
1.1727
BTC/USD
42 443.82
GBP/USD
1.3662
USD/JPY
109.2815
USD/CHF
0.9239
USD/CAD
1.2793
EUR/JPY
128.1496

Dollar Down as Investors Await Fed Interest Rate Decision


29 April 2020

The dollar was down on Wednesday morning in Asia with investors awaiting the results of a U.S. Federal Reserve meeting later in the day. The U.S. Dollar Index that tracks the greenback against a basket of other currencies slipped 0.15% to 99.785 by 11:14 PM ET (4:14 AM GMT), with stocks recording gains and investors retreating from the greenback, traditionally viewed as a safe haven.

Investors are looking to the Fed meeting for clues on its future policy in the aftermath of the ‘unlimited quantitative easing’ unleased over the past two months to combat the economic impact of the COVID-19 pandemic. 

The European Central Bank will also meet on Thursday.

As Australia and New Zealand eased some of the lockdown measures implemented to curb the spread COVID-19, the AUD has especially benefitted as it rose 6% on the month and jumped 18% from its 17-year-low in March.

“This is quite extraordinary,” National Australia Bank’s head of FX strategy, Ray Attrill, told CNBC. But he added, “It didn’t underperform the G10 pack by nearly as much in March and does leave us a little cautious about the near-term outlook."

The USD/CNY pair held steady at 7.0777 and the GBP/USD pair gained 0.39% to 1.2470.

#source

Related

Stocks bounce back after Evergrande panic
Stocks bounce back after Evergrande panic

As investors increasingly liken the Evergrande crisis with the collapse of the Lehman Brothers in 2008, they remain in the dark about the Chinese government's intentions...

21 Sep 2021

Oil Was Put on Hold
Oil Was Put on Hold

The oil price is falling after rallying before. Early in another September week, Brent is trading at $74.50 and has a lot of room to correct. The strong greenback...

20 Sep 2021

Dollar starts Fed week on front foot, stocks hit by Evergrande fallout
Dollar starts Fed week on front foot, stocks hit by Evergrande fallout

Fears of global contagion from the worsening crisis in China's property sector continued to weigh heavily on sentiment at the start of trading on Monday as markets...

20 Sep 2021

Dollar jumps, gold slumps, stocks nervous
Dollar jumps, gold slumps, stocks nervous

Worries that the US consumer is rolling over were dealt a major blow yesterday after the nation’s retail sales for August overpowered some gloomy forecasts. The retail sales...

17 Sep 2021

Energy is the play: how we get to $100 crude
Energy is the play: how we get to $100 crude

Natural gas futures in Europe and the UK are flying, while our natural gas (NG) CFD (the underlying is traded on the NYMEX) pushed over $5.60 and into 7-year highs...

16 Sep 2021

Are investors sleeping on systematic risk in China?
Are investors sleeping on systematic risk in China?

It’s time to talk about China. The situation is getting dicier as the nation’s second-largest property developer - Evergrande - is on the verge of default. Trading in the company...

16 Sep 2021


Forex Forecasts

OctaFX information and reviews
OctaFX
86%
HotForex information and reviews
HotForex
85%
XM information and reviews
XM
80%
FXCM information and reviews
FXCM
79%
Vantage FX information and reviews
Vantage FX
78%
Moneta Markets information and reviews
Moneta Markets
77%

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.