Dollar Falls after Fed Rate Cut, APEC Summit Cancellation
Thursday, 31 October 2019 15:51 WIB | CURRENCIES |USD/JPY,EUR/USDDolar AS Indeks DolarDOLLAR

The dollar fell against a currency basket on Thursday after the third Federal Reserve rate cut this year, as investors took indications of a potential pause in the easing cycle with a pinch of salt.

In lowering its key overnight lending rate by a quarter of a percentage point to a target range of between 1.50% and 1.75% the U.S. central bank dropped a previous reference in its policy statement that it "will act as appropriate" to sustain the economic expansion - language that was considered a sign for future cuts.

The lack of a clear indication from the Fed that it is done with easing for now was seen as less hawkish than expected, sending the dollar lower.

The U.S. dollar index was down 0.3% at 97.11 by 04:33 AM ET (08:33 GMT), its lowest level in a week.

The euro was up 0.14% to 1.1164, while the greenback last traded at 108.61 yen , 0.2% lower on the day.

Source : Investing.com

RELATED NEWS

Dollar Edges Lower; Petro Currencies Gain on Trump Comments
Thursday, 2 April 2020 15:24 WIB

The dollar edged lower in European trading Thursday, with investors seemingly prepared to move out of the safe haven into riskier currencies ahead of key U.S. unemployment data. At 3 AM ET (0700 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood ...

Dollar supported as investors seek safety in liquidity
Thursday, 2 April 2020 08:21 WIB

The dollar held gains on Thursday as investors rushed to the security of the world's most liquid currency as the coronavirus pandemic caused massive disruptions to global trade. The dollar index against a basket of major six currencies (=USD) gained 0.53% overnight as the U.S. currency advanced aga...

Sterling Steadies as Dollar Surges on Global Recession Angst
Wednesday, 1 April 2020 23:42 WIB

Sterling steadied against a buoyant dollar on Wednesday amid a wider selloff in global stock markets as data showed factory activity across the world contracting sharply due to the coronavirus pandemic. Manufacturing gauges tumbled across the globe, with Purchasing Managers' Index (PMI) surveys in ...

Dollar in Demand as Economic Damage Worsens
Wednesday, 1 April 2020 15:13 WIB

The dollar traded a little higher Wednesday, helped by its status as a safe haven currency as manufacturing data out of Asia pointed to a severe economic slowdown as the region tries to combat the coronavirus pandemic. At 03:10 AM ET (0710 GMT), the U.S. Dollar Index, which tracks the greenback aga...

AUD/USD keeps losses after big beat on China Caixin PMI
Wednesday, 1 April 2020 09:33 WIB

AUD/USD is struggling to draw bids on the back of a better-than-expected China manufacturing data. The currency pair continues to trade in the red near 0.6120, having faced rejection at 0.6158 in early Asia. China's Caixin Manufacturing PMI, which focuses on small and medium-sized export-oriented u...

ANOTHER NEWS
Stock Futures Point to Thursday Opening Bounce on Wall Street After Second Quarter's Rocky Start
Thursday, 2 April 2020 16:37 WIB U.S. stock futures rose in early morning trade on Thursday and pointed to gains at the day™s open, as markets try to rebound after kicking off the second quarter in the red. Dow futures rose 398 points, indicating a gain of about 331 points at...

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.