US dollar holds declines as early Fed rate increase bets fade
October 21, 2014 7:40 am
The US dollar held yesterday’s losings versus most of its major counterparts as traders speculated a deceleration in global growth would defer the Federal Reserve’s interest rate hike.
The greenback fell to $1.2795 per euro, previously $1.28, when it slipped 0.3%. Against the Japanese yen, the currency traded at ¥106.87 from ¥106.95.
The US dollar would likely struggle a bit at least until after the Fed meeting next week, said Ray Attrill, Global Co-Head of FX Strategy at National Australia Bank Ltd.
Attrill added that would complicate prevailing concerns on global growth if a combination of relatively mild GDP and industrial production did not leap.
The material has been provided by InstaForex Company – www.instaforex.com
The US dollar held yesterday’s losings versus most of its major counterparts as traders speculated a deceleration in global growth would defer the Federal Reserve’s interest rate hike.
The greenback fell to $1.2795 per euro, previously $1.28, when it slipped 0.3%. Against the Japanese yen, the currency traded at ¥106.87 from ¥106.95.
The US dollar would likely struggle a bit at least until after the Fed meeting next week, said Ray Attrill, Global Co-Head of FX Strategy at National Australia Bank Ltd.
Attrill added that would complicate prevailing concerns on global growth if a combination of relatively mild GDP and industrial production did not leap.
The material has been provided by InstaForex Company – www.instaforex.com
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