Dollar Slides For Seventh Out of Eight Sessions Ahead of Fed Update
Tuesday, 19 March 2019 23:10 WIB | CURRENCIES |DOLLAR Indeks DolarDolar AS

The U.S. dollar was under pressure Tuesday, looking to add yet another down day to its recent run, ahead of the Federal Reserve™s monetary policy update on Wednesday.

The ICE U.S. Dollar Index was down 0.2% at 96.357. The gauge has fallen seven out of the last eight sessions, according to FactSet.

The economic calendar was light, with data showing U.S. factory orders rose 0.1% in January, versus a consensus forecast for a rise of 0.4% in a MarketWatch survey of economists. The Federal Reserve™s monetary policy meeting begins Tuesday, culminating in Wednesday's interest-rate decision. Investors will be watching out for forward guidance and what many analysts expect to be further dollar-negative dovishness on the part of the central bank.

Source : Marketwatch

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