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Dollar falls on expectations postpone raising US interest rates
07.10.2015 at 09:22 (GMT Baghdad)
The US dollar fell against a basket of major currencies, with continuing expectations that the Federal Reserve will not raise interest rates this year, while restricted the uncertainty surrounding the outcome of the meeting of Bank of Japan yen gains.
The data reinforced the US Commerce Department and the largest increase in the trade deficit of the United States showing in five months, expectations that the US central bank could postpone the first increase in interest rates since 2006 until next year. The report weak new jobs in the United States on Friday, has also raised expectations to postpone the rate hike.
These expectations and caused damage to the dollar, which is likely to benefit from increased interest rates because they are expected to pay investment flows to the United States.
The Bank of Japan began on Tuesday a meeting of the monetary policy committee two-day. And it restricted doubts about whether the central bank will keep monetary policy unchanged or alludes to expand Bernameh stimulus yen gains against the dollar.
The greenback fell 0.18 percent against the Japanese currency to 120.19 yen in late New York trade after it recorded the highest level in more than a week at 120.57 yen at the beginning of the US trading session.
The Australian dollar rose more than 1 percent against the greenback to 0.7165 US dollars, its highest level in two weeks after Australia's central bank kept interest rates unchanged.
The euro rose 0.70 percent to $ 1.1271. The US currency fell 0.92 percent against the Swiss currency to 0.9670 francs.
The dollar index, which measures the greenback's value against a basket of six currencies Riasah- 0.64 percent to 95.488 .anthy 29 quarters e
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