U.S. Dollar Flat Ahead of Fed By Investing.com


© Reuters.

Investing.com – The greenback was flat on Wednesday as investors waited for the Federal Reserve press conference later in the day.
The Fed is expected to leave interest rates on hold after raising them four times last year.
The , which measures the greenback’s strength against a basket of six major currencies, rose 0.06% to 95.572 as of 11:33 AM ET (16:33 GMT).
Investors will be listening into Fed Chairman Jerome Powell’s press conference for clues on slowing monetary policy. Recent dovish comments from Powell and other Fed officials point to the central bank taking a more cautious stance amid concerns of slowing global growth.
“We believe the Fed is likely to show the flexibility markets are seeking at its upcoming meeting, as it balances still solid domestic economic growth against slower global growth and less significant, but persistent, domestic risks,” said John Lynch, Chief Investment Strategist at LPL Financial.
Meanwhile, the pound rose slightly after falling steeply late on Tuesday after the U.K. Parliament rejected an amendment that would have delayed Brexit. inched up 0.05% to 1.3070.
Elsewhere, the euro dipped with slipping 0.06% to 1.1421.
The risk-sensitive Australian and New Zealand dollars were higher, with jumping 0.57% to 0.7193 and up 0.07% to 0.6836.
— Reuters contributed to this report.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here