Dollar falls amid anticipation for Fed decision

2019-12-11 00:48:29 GMT (Economies.com)
Dollar falls amid anticipation for Fed decision

The US dollar fell against most major currencies today, amid the lingering uncertainty about the US-China trade talks and broad anticipation for the Federal Reserve's monetary policy decision tomorrow.

 

News sources said that the US and China are close to delaying the next tariffs hike, which is due Dec.15, in efforts to give the opportunity for more talks to pave the way for signing the phase one of the trade deal.

 

The US Federal Reserve began its monthly monetary policy today and will unveil its interest rate decision on Wednesday.

 

Most forecasts are for holding the rates unchanged within the bank's assessment and evaluation of the three cuts that were delivered during this year, which are based on the Fed Chief Jerome Powell's previous remarks and hints.

 

The dollar index fell against a basket of major currencies by 0.2% to 97.4 points as of 19:21 GMT, and hit an intraday high of 97.6 a low of 97.4.

 
 
 
  Symbol Last Change Chg.%
1.1025
-0.0069
0.6179%
1.3073
0.0072
0.5534%
Tadawul
8333.95
-52.40
0.62%
18.104
0.083
0.458%
54.273
-4.505
7.665%
60.77
-1.26
2.03%
1570.630
13.715
0.881%
 
 
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