Dollar retreats ahead of Fed's policy decisions

2018-06-13 17:46:12 GMT (Economies.com)
Dollar retreats ahead of Fed's policy decisions

Dollar gave up ground against a basket of major rivals as caution rules the market ahead of the Federal Reserve's policy decisions today. 

 

The dollar index, tracking the greenback's performance against a basket of six major rivals, fell 0.20% as of 14:25 GMT to 93.64. 

 

Most analysts expect the Fed to raise interest rates for the second time this year to just below 2%, with investors looking for signs of possible acceleration of the pace of policy tightening this year. 

 

Earlier data showed solid growth in producer prices in May, while consumer prices rose in a modest pace, paving the way for further increases in inflation this year. 

 
 
 
  Symbol Last Change Chg.%
1.1472
-0.0050
0.4322%
1.2995
-0.0077
0.5925%
14.752
0.119
0.813%
68.880
-0.401
0.578%
79.28
-0.55
0.69%
1234.005
7.300
0.595%
 
 
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