Dollar tumbles as focus turns to Fed's policy meeting
Friday, 25 January 2019 23:21 WIB | CURRENCIES |Dolar Euro

The dollar fell on Friday from its three-week highs in the previous session, as traders™ focus shifted to the Federal Reserve™s policy meeting next week when the U.S. central bank is expected to leave interest rates unchanged.

In mid-morning trading, the dollar index was down 0.6 percent at 96.046, after climbing to a three-week high of 96.676 on Thursday.

The dollar™s decline also coincided with a rally in U.S. stocks, which were bolstered by upbeat earnings.

The euro, on the other hand, rebounded on Friday, steadying after a dovish European Central Bank President Mario Draghi failed to alter an already downbeat assessment on the euro zone™s economy.

The euro on Thursday weakened broadly on those comments and fell to a two-month low of $1.1286 against the dollar. But on Friday, the single currency recovered, rising 0.7 percent to $1.1379.

Marketwatch

RELATED NEWS

Dollar gives up post Fed gains, sterling hits two-month high
Friday, 20 September 2019 15:18 WIB

The dollar drifted lower on Friday after central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, and risk appetites ebbed on caution about U.S-China trade talks. Sterling hit a two-month high of $1.2566 against the greenback, after European Commission ...

Dollar erases post-Fed bounce, sterling up on Brexit deal hopes
Friday, 20 September 2019 08:24 WIB

The dollar nursed losses against most major currencies on Friday, as central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, while risk appetite ebbed on caution about U.S-China trade talks. Sterling hit a two-month high of $1.2560 against the greenbac...

Yen Rises against Dollar After BOJ Holds
Thursday, 19 September 2019 15:17 WIB

The yen rose from a seven week low against the U.S. dollar on Thursday after the Bank of Japan kept monetary policy on hold, in the wake of the Federal Reserve™s overnight decision to cut rates. The dollar was down 0.44% to 107.95 yen by 2:32 AM ET (6:32 GMT) after the BoJ kept policy on hold, as...

Dollar rallies as cautious Fed clouds rate-cut outlook
Thursday, 19 September 2019 08:22 WIB

The dollar stood tall on Thursday after the U.S. Federal Reserve cut rates by 25 basis points, as expected, but its chairman signalled a higher bar for future rate cuts. The greenback touched a seven-week high of 108.47 against the Japanese yen and stood just below that in Asian morning trade. It a...

Sterling edges back from six-week high, BoE in focus
Wednesday, 18 September 2019 15:51 WIB

Sterling edged lower on Wednesday after climbing to a new six-week high on hopes for a last-minute Brexit deal, while investors turned their attention to the Bank of England meeting on Thursday. The pound fell 0.2% in early European trade to $1.2476, but that followed a decent gain on Tuesday to $1...

POPULAR NEWS
Friday, 20 September 2019 01:13
Gold Marks First Loss in 4 Sessions
Friday, 20 September 2019 03:36
Hong Kong Stocks End With Fresh Losses
ANOTHER NEWS
Gold ticks higher, set to snap streak of weekly declines
Friday, 20 September 2019 19:43 WIB Gold prices inched higher Friday but gains were capped by a rise in bonds yields and stocks. However, bullion's trade over the past five sessions puts it on pace to break out of a weekly skid of three consecutive weekly losses. Gold for December...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.