The US dollar strengthened Tuesday as weary traders covered short positions before the two-day Federal Reserve policy meeting.
Certain investors believe the US central bank is placing the foundation for interest rate hikes this autumn, underpinning the currency as of late.
The greenback finished at $1.10820 per euro from Monday’s $1.11295. Against the Japanese yen, the dollar ended at ¥123.570 from ¥123.010.
The global perception for the Fed is whether they presume the relevant central banks can contend with the surprises their economies and assets markets are enduring. “Contagion would have to be much sharper to really register as a proximate risk sufficient to affect US policy,” said Steven Englander, Global Head of G10 FX Strategy at CitiFX.
After the Fed meeting, markets will anticipate the US gross domestic product in the second quarter, which is due Thursday.
The material has been provided by InstaForex Company – www.instaforex.com
The US dollar strengthened Tuesday as weary traders covered short positions before the two-day Federal Reserve policy meeting.
Certain investors believe the US central bank is placing the foundation for interest rate hikes this autumn, underpinning the currency as of late.
The greenback finished at $1.10820 per euro from Monday’s $1.11295. Against the Japanese yen, the dollar ended at ¥123.570 from ¥123.010.
The global perception for the Fed is whether they presume the relevant central banks can contend with the surprises their economies and assets markets are enduring. “Contagion would have to be much sharper to really register as a proximate risk sufficient to affect US policy,” said Steven Englander, Global Head of G10 FX Strategy at CitiFX.
After the Fed meeting, markets will anticipate the US gross domestic product in the second quarter, which is due Thursday.
The material has been provided by InstaForex Company – www.instaforex.com
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