Dollar stable before the end of the Fed meeting
Dollar stable before the end of the Fed meeting
03/18/2015 10:30 GMT
Agencies – The dollar steadied today ahead of the conclusion of the meeting of the Federal Reserve (Fed), which is expected to take a big step towards raising interest rates for the first time in nearly nine years.
After another rise in the US currency in the past two weeks, the markets absorbed to a large extent the possibility that the Fed drops the word “patience” of his statement with regard to interest rates, which paves the way for a rate hike in June near.
Anything less than that or explicit warning from the Council that the strength of the dollar may inhibit his movements regarding monetary policy is likely to lead to a large decline in the dollar.
The dollar index down less than 0.1% to 99.498 to remain not far from its highest level in 12 years 100.390.
The euro rose to $ 1.0611 after failing to maintain a level of $ 1.0651 that it reached during the night.
The dollar stood at 121.26 yen. And subjected to pressure sterling at $ 1.4759 before the release of British jobs data and the minutes of the latest meeting of the Policy Committee of the Bank of England and another project budget for the government before the May elections.
alrayy.com
