The dollar increased in the context of the U.S.-central negotiation expectation
The dollar grew in comparison to the currency basket on Monday, supported by positive information on negotiations for trade between the US and China.
USD index, the strength gauge of the dollar versus currency basket, an increase of 0.1% to 96.11 at 03:41AM ET (0741GMT) after the 0.5% reduction on Friday, the highest reduction in almost 1 month.
American tensions with trade partners, along with the crisis in Turkey pushed the USD to the highest level 14 months on the previous week.
The dollar grew in price but was resled by information on trade negotiations that could take place over the next few days in the United States. The situation in Turkey has also fallen off heat, making the risk taste back and from there, pushing the demand for the dollar to come down.
Psychoses for the crisis in Turkey stabilized on Monday with the Lira keeping steady around 6 Lira/USD. The Turkish market is closed for public holidays.
The Euro fell against the dollar with a EUR/USD discount of 0.18% and 1.1416, which is quite higher than the lowest 13 months achieved on Wednesday, 1.1300.
The dollar grew in proportion to the yen with USD/JPY increased by 0.13% to 110.64 after a 0.36% reduction on Friday.
The investor will wait for the FED's meeting results on Wednesday when they retain the same interest rate and are still expected to have more interest rates increase during the year.
The investor will wait to find any information about the prospect of inflation, economy or fears of commercial warfare.
On Friday, Jerome Powell will first appear as the FED president at the annual Jackson Hole Economic conference. The meeting will be noted to consider the monetary policy elements of key central banks.
USD index, the strength gauge of the dollar versus currency basket, an increase of 0.1% to 96.11 at 03:41AM ET (0741GMT) after the 0.5% reduction on Friday, the highest reduction in almost 1 month.
American tensions with trade partners, along with the crisis in Turkey pushed the USD to the highest level 14 months on the previous week.
The dollar grew in price but was resled by information on trade negotiations that could take place over the next few days in the United States. The situation in Turkey has also fallen off heat, making the risk taste back and from there, pushing the demand for the dollar to come down.
Psychoses for the crisis in Turkey stabilized on Monday with the Lira keeping steady around 6 Lira/USD. The Turkish market is closed for public holidays.
The Euro fell against the dollar with a EUR/USD discount of 0.18% and 1.1416, which is quite higher than the lowest 13 months achieved on Wednesday, 1.1300.
The dollar grew in proportion to the yen with USD/JPY increased by 0.13% to 110.64 after a 0.36% reduction on Friday.
The investor will wait for the FED's meeting results on Wednesday when they retain the same interest rate and are still expected to have more interest rates increase during the year.
The investor will wait to find any information about the prospect of inflation, economy or fears of commercial warfare.
On Friday, Jerome Powell will first appear as the FED president at the annual Jackson Hole Economic conference. The meeting will be noted to consider the monetary policy elements of key central banks.
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