The US dollar climbed versus the euro Monday on speculations the Federal Reserve would take a less dovish stance on its monetary policy at the end of its two-day meeting on Wednesday.
Expectations the US central bank would take a less accommodating stance on monetary policy and take out the phrase “considerable time” relative to its timeline for increasing rates supported the greenback.
The currency traded at $1.2416 to the euro, ¥118.37 to the Japanese yen, and 0.9670 to the Swiss franc.
The material has been provided by InstaForex Company – www.instaforex.com
The US dollar climbed versus the euro Monday on speculations the Federal Reserve would take a less dovish stance on its monetary policy at the end of its two-day meeting on Wednesday.
Expectations the US central bank would take a less accommodating stance on monetary policy and take out the phrase “considerable time” relative to its timeline for increasing rates supported the greenback.
The currency traded at $1.2416 to the euro, ¥118.37 to the Japanese yen, and 0.9670 to the Swiss franc.
The material has been provided by InstaForex Company – www.instaforex.com
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