Investing.com -Investing.com - The dollar remained weaker against a basket of the other major currencies on Monday as markets remained largely rangebound ahead of the outcome of this week's Federal Reserve meeting. Futures traders are pricing in around a 90% chance of a hike at the Fed meeting, according to Investing.com's Fed Rate Monitor Tool. Investors were awaiting the outcome of the Fed's two-day policy meeting on Wednesday, with a rate hike almost fully priced in by markets. The dollar dipped against the yen, with USD/JPY easing 0.09% to 114.71, off Friday's seven-week highs of 115.49. Friday's U.S. nonfarm payrolls report for February did little to alter expectations for a rate increase this week.
as declared in
A busy week ahead for markets as Fed ponders rate rise
A number of market moving events are lying in wait this week which will have to be navigated cautiously. The Fed represents a major hurdle to the post-election optimism that has been buoying US stocks. Traders were facing a potentially bumpy ride as the markets in Europe opened relatively quietly this morning. Job gains and upward pressure on wages in the US means that the Fed may act to raise US rates sooner than anticipated. Some commodity markets are also trading at all-time highs: we have written previously on the copper market, but cotton too has been having an excellent run.
Dollar lower as markets in holding pattern before Fed By Investing.com
Dollar lower as markets in holding pattern before FedInvesting.com - The dollar remained weaker against a basket of the other major currencies on Monday as markets remained largely rangebound ahead of the outcome of this week's Federal Reserve meeting. Investors were awaiting the outcome of the Fed's two-day policy meeting on Wednesday, with by markets. Futures traders are pricing in around a 90% chance of a hike at the Fed meeting, according to Investing.com's . The dollar dipped against the yen, with easing 0.09% to 114.71, off Friday's seven-week highs of 115.49. The pound continued to hold gains after Scotland's First Minister Nicola Sturgeon said Monday on whether to hold a second independence vote.
read more visit us forex
إرسال تعليق