FOREX-Dollar retreats from three-week high as attention shifts to Fed

collected by :John Locas

Following the Fed's declaration at 1800 GMT, Jerome Powellwill hold his 1st break news conference as federal chief at 1830 GMT. Against the yen, the $ fell 0.2 % to 106.345 yenJPY= , after Tuesday's gains of 0.4 percent, though trading wasslowed with a public holiday in Tokyo. MEXICAN PESO, CANADIAN $ RALLYElsewhere, the Canadian $ & Mexican peso gained afterreports which the unite states Gov Organization had dropped ademand linked to auto exports, removing a barrier to a bargain fora fresh North American toll free Trade licence urn:newsml:reuters.com:*:nL3N1R3196. The Canadian $ rose 0.5 % to C$1.3003 to the U.S.dollar CAD=D4 , its better standard ever March 15. The Australian $ fell to a three-month low of $0.7679AUD=D4 on Tuesday however recovered some ground on Wednesday totrade up marginally at $0.7686.

FOREX-Dollar pulls back from 3-week high as Businessmen Turn around to Fed

With the $ down, the euro & ¥ were capable recover some losses made on Tuesday, the time Businessmen had piled into the greenback. The $ fell 0.2 % against a basket of currencies, after hitting a almost three-week high on Tuesday. Following the FOMC declaration at 1800 GMT, Jerome Powell going to hold his 1st break news conference as federal chief at 1830 GMT. The two-year yield jumped to a near 9-1/2-year high of 2.3324 % on Tuesday. Against the yen, the $ fell 0.2 % to 106.31 ¥ , after Tuesday's gains of 0.41 percent, though trading was slow because of a public holiday in Tokyo.

FOREX-Dollar perched at 1-wk high compare ¥ before federal vote; euro struggles

as declared in Along with some expectations of a further confident sounding Fed, a sharp down in a confidence survey between German Businessmen too weighed on the single currency. He added which the dollar's yield advantage over the ¥ can too help bolster the greenback. Still, some traders saw limited upside possibility for the dollar, with the ¥ seen supported with Symptoms of a retreat in Businessman danger appetite. The ¥ Information Systems a traditional safe-haven currency which tends to attract request in times of market turmoil. The $ was trading 0.4 % higher against the ¥ at 106.52 yen.