country flagالعربية

The dollar rose against the euro and the pound ahead of the BoE and ECB data

2018-09-13 09:45 am | Resource: News | No Views : 174

The US dollar rose against the euro and the British pound on Thursday, as investors looked at policy decisions by the European Central Bank and the Bank of England later in the day.

The ECB will certainly keep the policy unchanged, making simple changes in its guidance to stay on track to end bond purchases this year and raise interest rates next fall.

The Bank of England is also expected to ignite after raising interest rates last month with market expectations to raise the interest rate that was not seen until the second half of next year.

Perhaps attracting more attention is the monetary policy meeting by the Turkish central bank, which is expected to raise interest rates to support the lira.

Consumer price data comes after US soft-price data dampened the situation to accelerate policy tightening by the Federal Reserve.

The US central bank is widely expected to raise benchmark interest rates at its meeting in September, but prospects for another move in December have declined in recent days.

On the other hand, investors remained focused on the US-China trade dispute following news that the Trump administration had invited Chinese officials to resume trade talks, raising hopes for an agreement that would ease bitter tariff disputes between the world's two largest economies.

Meanwhile, against the currency basket, the greenback was up 0.1% at 94.91 ahead of US CPI data later on Thursday.
  • The euro fell 0.1% to 1.1620, while the pound fell modestly to 1.3040 by 0850 GMT.
  • The pound was valued at 6.3700 against the dollar, up about 0.5%. It fell to a record low of 7.2400 in mid-August.
  • The Chinese yuan rose 0.2% to 6.8481 against the dollar, retreating from a two-and-a-half-week low of 6.8801 yesterday.
  • The Australian dollar, seen as a proxy for global growth due to China's large trade exposure to China, rose 0.3% at 0.7190.

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.