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The dollar stabilized with receding expectations of raising US interest rates
09.15.2015
The dollar held near its lowest level in three weeks against a basket of major currencies, such as the Federal Reserve meeting, "the US central bank" this week, with investors bet on interest rates stay at current levels extremely low until December.
The struggling dollar since hitting a record in 12 years in March, amid receding expectations for higher US interest rates.
Some traders still expect to raise interest rates this week, however, the growing expectations that the slowdown in global growth pushes Reserve Council to postpone the move to the end of the year or even next year.
The dollar was steady against a basket of major currencies at 95.225 after earlier fallen to 94.913, recording its lowest level since August 26, just before the Fed meeting next Wednesday, which lasts two days.
The dollar fell against the Japanese currency 0.2% to 120.32 yen, while the euro rose against the 0.1% to 1.1323 Dolar.anthy 29/4 e
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09.15.2015
The dollar held near its lowest level in three weeks against a basket of major currencies, such as the Federal Reserve meeting, "the US central bank" this week, with investors bet on interest rates stay at current levels extremely low until December.
The struggling dollar since hitting a record in 12 years in March, amid receding expectations for higher US interest rates.
Some traders still expect to raise interest rates this week, however, the growing expectations that the slowdown in global growth pushes Reserve Council to postpone the move to the end of the year or even next year.
The dollar was steady against a basket of major currencies at 95.225 after earlier fallen to 94.913, recording its lowest level since August 26, just before the Fed meeting next Wednesday, which lasts two days.
The dollar fell against the Japanese currency 0.2% to 120.32 yen, while the euro rose against the 0.1% to 1.1323 Dolar.anthy 29/4 e
[You must be registered and logged in to see this link.]
