Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

USD Rises Ahead Of Fed Meeting

Published 04/27/2015, 12:14 PM
Updated 03/05/2019, 07:15 AM

The dollar firmed on Monday, recovering from recent losses in the wake of some weak U.S. economic data, but gains are expected to be contained ahead of the Federal Reserve’s key monetary policy meeting this week.

The Fed will announce a decision on monetary policy on Wednesday, which will help set the tone for the dollar in the near to medium term.

The dollar’s searing rally since the summer of last year had slowed following a run of poor U.S. economic numbers, including a softer-than-expected non-farm payrolls report for March. That has cemented expectations for a more gradual pace of interest rate increases by the Fed.

Last week, weak figures for new home sales, weekly jobless claims and business spending undermined the dollar.

via CNBC

Original Post

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.