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Dollar rose for the first time since the beginning of weekly trading

2019-01-08 08:29 am | Resource: News | No Views : 46


 
 US dollar rebounded on Tuesday in Asia after falling for a fourth session in a row. As traders wait for the Federal Reserve's stance on interest rates

Federal Reserve Chairman Rafael Bostick said the central bank may raise interest rates only once this year. "While the US economy is in a healthy state, some uncertainties have caused a blurring of growth," Bostick said. As a result, the Federal Reserve may stop moving ahead with a gradual increase in the interest rate, according to Bostick.

Report: China indicates that it is open to trade agreement

On the level of trade negotiations Liu Hu, chief aide to Chinese President Xi Jinping, entered the chamber on Monday at the start of negotiations on bilateral economic arrangements, welcomed the delegation from the United States, the main media learned from unknown sources.

The alleged move was widely interpreted as a show of openness to solutions that would end the trade fighting between the two countries with the world's largest gross domestic product.

The current round is being held at a lower level and the deputy prime minister is said to visit Washington in case of progress. Stocks in the US strengthened after a dull start.

US Dollar Trading
  • The US Dollar Index was trading at 96.495, up 0.3%.
  • Meanwhile, the YUAN traded up 0.1% at 6.8558 as the PBOC set the reference price for the yuan at 6.8402 from 6.8517 on Monday.
  • The US dollar hit a 6-day high of 109.00 against the yen .
  •  The US Dollar rose to 0.6737 against the New Zealand Dollar, against 0.7121 against the Australian Dolla .


Other analysis

USD/JPY Technical analysis 18 January 2019

Time frame Used - four hours The USDJPY is moving in a sideway direction in the near term. The USDJPY is still facing resistance and selling pressure around the resistance level of 109.07 trying to breach this level to the upside, but we note that the USD/JPY moves between the upper boundary and the moving average line of the Bollinger indicator. In view of the technical indicators Both the RSI…

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