Dollar falters amid cautious mood, Fed decision in focus

2019-12-11 22:59:43 GMT (Economies.com)
Dollar falters amid cautious mood, Fed decision in focus

The US dollar was flat against most major currencies today, amid caution for the Federal Reserve rate decision and the Fed Chief Jerome Powell's press conference.

 

The US Federal Reserve will unveil today on the interest rates, with most forecasts to keep it unchanged between 1.75% and 1.50%.

 

The decision will be followed by Fed Chair Jerome Powell's speech to comment on the decision, which may include hints about the future of the US monetary policy in the near-term.

 

Bearing in mind that the Fed has cut interest rates three times this year, but hinted a pause to assess the appropriate path and the implications of last three cuts of this year.

 

Most Fed's members hinted this policy in order to assess the domestic and global economic situations.

 

As for trading, the dollar index held against a basket of currencies at 97.3 points as of 18:58 GMT, and hit an intraday high of 97.6 and a low of 97.03.

 
 
 
  Symbol Last Change Chg.%
1.1838
0.0072
0.6085%
1.3092
0.0021
0.1603%
Tadawul
7704.25
49.87
0.65%
26.299
-2.249
7.880%
41.870
-0.115
0.274%
44.54
-0.42
0.93%
1945.815
-89.580
4.401%
 
 
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