DJIA25400.64
LIVE-147.63(-0.58%)
NDX9416.71
LIVE-25.34(-0.27%)

Dollar Treading Water Ahead of Fed; Brexit Extension Hopes Lift Pound


Monday, 28 October 2019 15:47 WIB

DOLLARDolar Indeks DolarDolar ASGBP/USDUSD/JPY,


c_740_198_16777215_00_images_assets_CURRENCY2_dolarasobh.jpg

The U.S. dollar was trading near its highest levels in two weeks against the yen on Monday ahead of a keenly anticipated Federal Reserve meeting later in the week, while hopes for a Brexit extension boosted the British pound.

The dollar was up 0.1% to 108.74 against the yen by 04:17 GMT (08:17 GMT), not far highs of 108.94, which is the highest since Aug. 1.

The Fed is expected to deliver its third rate cut in as many meetings on Wednesday, and that has been priced in, but some analysts expect the Fed to sound "hawkish" by signaling it is reluctant to cut rates further.

Investors were also looking ahead to a Bank of Japan policy meeting on Thursday. The BoJ is leaning toward keeping policy on hold, but the decision is a close call as policymakers struggle with threats to the global outlook from the U.S.-China trade war and Brexit.

The U.S. dollar index, a gauge of the greenback against a basket of six major currencies was at 97.51, hovering below one-week highs. Sterling was also higher against the greenback, rising 0.23% to 1.2848 and was little changed against the euro at 0.8632.

Source : Investing.com


RELATED NEWS

  • The euro continued to rise on Thursday, boosted by a 750 billion euro (673.70 billion pounds) EU plan to prop up the bloc’s coronavirus-hit economies, though gains were limited as doubts about deliver...

POPULAR NEWS

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.