Dollar continue losses after Fed minutes

2020-07-01 19:16:23 GMT (Economies.com)
Dollar continue losses after Fed minutes

The US dollar fell against most of its peers Wednesday, to keep its losses after the Federal Reserve meeting minutes.

 

The Federal Reserve meeting minutes showed that most FOMC members are concerned about the mounting uncertainty around the coronavirus crisis.

 

Some members have stressed that the risks and the unusual uncertainty call for holding the interest rate.

 

Bearing in mind that the Fed ruled out any interest rate hikes before 2022, and trimmed its expectations for a sharp contraction in the US GDP in 2020.

 

The ADP data showed today the US private sector has added 2.3 million new jobs in June, less than forecasts of 2.8 million.

 

The dollar index fell against a basket of currencies by 0.2% to 97.1 points as of 18:50 GMT, after it hit a high of 97.6 and a low of 97.03.

 
 
 
  Symbol Last Change Chg.%
1.1785
0.0075
0.6435%
1.3052
0.0037
0.2828%
Tadawul
7499.97
10.08
0.13%
28.209
3.962
16.340%
41.550
1.115
2.757%
44.64
-0.45
1.00%
2032.160
62.805
3.189%
 
 
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