dollar Archive

  • The dollar remains little changed against its major European rivals following the release of the minutes from the most recent meeting of the Federal Reserve, but has pared its gains against the Japanese Yen. A number of Federal Reserve officials want more confidence about higher inflation before supporting another rate-hike, the minutes of the central bank's September meeting show. While some say waiting for inflation to hit the central bank's 2% target before further interest rate hikes would be a mistake, others are urging "patience," putting a December rate hike in doubt. The Fed has raised interest rates twice in 2017, but their most recent projections called for a third by year's end. However, inflation is not cooperating as of yet. The dollar has dropped to a 2-week low of $1.1850 against the Euro Wednesday afternoon, from an early high of $1.1794. Eurozone house prices increased at a steady pace in the second quarter, Eurostat reported Wednesday. House price..

    Dollar Little Changed After Fed Minutes Released

    The dollar remains little changed against its major European rivals following the release of the minutes from the most recent meeting of the Federal Reserve, but has pared its gains against the Japanese Yen. A number of Federal Reserve officials want more confidence about higher inflation before supporting another rate-hike, the minutes of the central bank's September meeting show. While some say waiting for inflation to hit the central bank's 2% target before further interest rate hikes would be a mistake, others are urging "patience," putting a December rate hike in doubt. The Fed has raised interest rates twice in 2017, but their most recent projections called for a third by year's end. However, inflation is not cooperating as of yet. The dollar has dropped to a 2-week low of $1.1850 against the Euro Wednesday afternoon, from an early high of $1.1794. Eurozone house prices increased at a steady pace in the second quarter, Eurostat reported Wednesday. House price..
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  • The U.S. dollar dropped against its major opponents in the European session on Wednesday, amid uncertainty over U.S. President Donald Trump's tax overhaul plan and investors awaited the minutes from the latest Fed meeting for monetary policy outlook. The Federal Reserve will publish the minutes from the September meeting later in the day, with traders looking for further insight into its rate hike plans. The Fed kept its interest rate on hold at meeting and said it would begin reducing its balance sheet at a rate of $10 billion this month. Concerns over Trump's ability for a tax-code overhaul arose after reports of public feud with Republican Senator Bob Corker. The spat complicates the passage of tax package in Senate, where the Republicans control by a slim 52-48 margin. Speaking in Zurich, Chicago Fed President Charles Evans said he prefer raising rates gradually as he wants to assess whether inflation attains its 2 percent objective. "There is room for honest discuss..

    U.S. Dollar Weakens On Tax Reform Doubts; Fed Minutes Awaited

    The U.S. dollar dropped against its major opponents in the European session on Wednesday, amid uncertainty over U.S. President Donald Trump's tax overhaul plan and investors awaited the minutes from the latest Fed meeting for monetary policy outlook. The Federal Reserve will publish the minutes from the September meeting later in the day, with traders looking for further insight into its rate hike plans. The Fed kept its interest rate on hold at meeting and said it would begin reducing its balance sheet at a rate of $10 billion this month. Concerns over Trump's ability for a tax-code overhaul arose after reports of public feud with Republican Senator Bob Corker. The spat complicates the passage of tax package in Senate, where the Republicans control by a slim 52-48 margin. Speaking in Zurich, Chicago Fed President Charles Evans said he prefer raising rates gradually as he wants to assess whether inflation attains its 2 percent objective. "There is room for honest discuss..
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  • Dollar Wavers Around 2-Week Lows Ahead of Fed Minutes The dollar stood around two-week troughs on worries U.S. President Donald Trump's tax plan might stall. Trump's war of words with Senator Bob Corker raised concerns about the administration's ability to pass pledged reforms. The dollar index was steady at 93.314 against a basket of currencies, around its weakest level since Sept. 29. The greenback was under pressure amid uncertainty over the next Federal Reserve Chairman, with the predictions market site, PredictIt, favoring Fed governor Jerome Powell as the most likely candidate. Although Powell is considered as more hawkish than Janet Yellen, analysts says he might be less aggressive in winding back stimulus than Kevin Warsh, another potential candidate for the position. Dallas Federal Reserve Bank President Robert Kaplan recently said that he wants to see more signs of upward inflation before hiking interest rates again. The euro was steady around $1.1818, n..

    Prime News: Dollar Wavers Around 2-Week Lows Ahead of Fed Minutes

    Dollar Wavers Around 2-Week Lows Ahead of Fed Minutes The dollar stood around two-week troughs on worries U.S. President Donald Trump's tax plan might stall. Trump's war of words with Senator Bob Corker raised concerns about the administration's ability to pass pledged reforms. The dollar index was steady at 93.314 against a basket of currencies, around its weakest level since Sept. 29. The greenback was under pressure amid uncertainty over the next Federal Reserve Chairman, with the predictions market site, PredictIt, favoring Fed governor Jerome Powell as the most likely candidate. Although Powell is considered as more hawkish than Janet Yellen, analysts says he might be less aggressive in winding back stimulus than Kevin Warsh, another potential candidate for the position. Dallas Federal Reserve Bank President Robert Kaplan recently said that he wants to see more signs of upward inflation before hiking interest rates again. The euro was steady around $1.1818, n..
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  • The New Zealand dollar weakened against other major currencies in early European deals on Wednesday. The kiwi reversed from its early highs of 79.71 against the yen and 1.0983 against the aussie and a 5-day high of 0.7099 against the greenback, falling to 79.39, 1.1016 and 0.7062. The kiwi slid to a 17-month low of 1.6735 against the euro, from a high of 1.6651 hit at 10:30 pm ET. On the downside, the kiwi may find support around 78.00 against the yen, 0.685 against the greenback, 1.69 against the euro and 1.11 against the aussie.The material has been provided by InstaForex Company - www.instaforex.com

    NZ Dollar Drops Against Majors

    The New Zealand dollar weakened against other major currencies in early European deals on Wednesday. The kiwi reversed from its early highs of 79.71 against the yen and 1.0983 against the aussie and a 5-day high of 0.7099 against the greenback, falling to 79.39, 1.1016 and 0.7062. The kiwi slid to a 17-month low of 1.6735 against the euro, from a high of 1.6651 hit at 10:30 pm ET. On the downside, the kiwi may find support around 78.00 against the yen, 0.685 against the greenback, 1.69 against the euro and 1.11 against the aussie.The material has been provided by InstaForex Company - www.instaforex.com
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  • NZ Dollar Falls To 79.39 Against Yen The material has been provided by InstaForex Company - www.instaforex.com

    *NZ Dollar Falls To 79.39 Against Yen

    NZ Dollar Falls To 79.39 Against Yen The material has been provided by InstaForex Company - www.instaforex.com
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  • NZ Dollar Slides To 0.7062 Against U.S. Dollar The material has been provided by InstaForex Company - www.instaforex.com

    *NZ Dollar Slides To 0.7062 Against U.S. Dollar

    NZ Dollar Slides To 0.7062 Against U.S. Dollar The material has been provided by InstaForex Company - www.instaforex.com
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  • NZ Dollar Drops To 1.1016 Against Aussie The material has been provided by InstaForex Company - www.instaforex.com

    *NZ Dollar Drops To 1.1016 Against Aussie

    NZ Dollar Drops To 1.1016 Against Aussie The material has been provided by InstaForex Company - www.instaforex.com
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  • Euro Rises To More Than 2-week High Of 1.1834 Against U.S. Dollar The material has been provided by InstaForex Company - www.instaforex.com

    *Euro Rises To More Than 2-week High Of 1.1834 Against U.S. Dollar

    Euro Rises To More Than 2-week High Of 1.1834 Against U.S. Dollar The material has been provided by InstaForex Company - www.instaforex.com
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  • Euro Climbs To Near 2-week High Of 1.4794 Against Canadian Dollar The material has been provided by InstaForex Company - www.instaforex.com

    *Euro Climbs To Near 2-week High Of 1.4794 Against Canadian Dollar

    Euro Climbs To Near 2-week High Of 1.4794 Against Canadian Dollar The material has been provided by InstaForex Company - www.instaforex.com
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  • Euro Strengthens To 17-month High Of 1.6717 Against NZ Dollar The material has been provided by InstaForex Company - www.instaforex.com

    *Euro Strengthens To 17-month High Of 1.6717 Against NZ Dollar

    Euro Strengthens To 17-month High Of 1.6717 Against NZ Dollar The material has been provided by InstaForex Company - www.instaforex.com
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