Dollar inches lower ahead of Fed rate decision

2021-04-28 18:49:19 GMT (Economies.com)
Dollar inches lower ahead of Fed rate decision

The US dollar held against most of its peers on Wednesday, amid anticipation of the Federal Reserve's interest rate decision.

 

Several US companies continued to report their quarterly earnings results for the first quarter, as Alphabet and Microsoft unveiled theirs yesterday, which showed better than expected profits and revenues thanks to the performance of their cloud computing branches.

 

The Federal Reserve will unveil its interest rate decision later today, which is expected to be held unchanged between 0.0% and 0.25%, and Fed Chief Jerome Powell will hold a press conference afterwards.

 

The US Goods Trade Balance index showed a deficit of $90.58 billion last month, which is the highest monthly level ever.

 

The dollar index fell against a basket of currencies by less than 0.1% to 90.8 points as of 17:19 GMT, after it hit a high of 91.1 points and a low of 90.7 points.

 
 
 
  Symbol Last Change Chg.%
1.2082
-0.0091
0.7463%
1.4037
-0.0099
0.7035%
Tadawul
10322.68
86.96
0.85%
26.939
-0.865
3.111%
64.729
-0.663
1.014%
67.55
-1.77
2.55%
1815.800
-28.425
1.541%
 
 
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