Dollar in Demand Ahead of Federal Reserve Pronouncement
Wednesday, 29 January 2020 15:52 WIB | CURRENCIES | Indeks Dolar

The U.S. dollar remained largely the currency of choice in early trading in Europe Wednesday, boosted by signs of a strengthening economy ahead of the latest meeting of the Federal Reserve.

At 03:15 ET (0815 GMT), the US Dollar Index Futures, which tracks the greenback against a basket of other currencies, had pushed up 0.1% to 97.90, trading around levels last seen in early December.

A closely-watched measure of U.S. consumer confidence impressed late Tuesday, jumping to its highest level since August, helped by positive assessments of the labor market and increased optimism about future job prospects.

This comes ahead of the latest rate-setting meeting of the Federal Reserve.

Source: Investing.com

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