Fed Decision Could Be Mildly Positive for Dollar, but Risks Remain The U.S. Federal Reserve is widely expected to raise interest rates by 25 basis points on Wednesday, but the accompanying announcement could be “mildly positive” for the dollar, according to ING currency analyst Chris Turner. Turner said that the Fed may want to push …
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Yen Slips to One-Week Low as Kiwi Jumps on NZ Inflation Data The Japanese yen slipped to a one-week low against the dollar on Wednesday, while the New Zealand dollar jumped after a higher-than-expected inflation reading pushed prospects of policy easing further out. The yen fell to 139.41 per dollar, its lowest level since July …
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Dollar Treads Water as Investors Mull Fed Outlook The dollar index held steady around the 100 mark on Wednesday, as investors continued to assess the outlook for Federal Reserve monetary policy. The index, which measures the value of the dollar against a basket of six major currencies, was little changed after data showed US retail …
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Dollar Holds Decline on Dovish Fed View The dollar index held below 100 on Monday after losing more than 2% last week and sinking to its lowest levels in fifteen months, as softer-than-expected US inflation data raised hopes that the Federal Reserve may be close to the end of its current monetary policy tightening cycle. …