Dollar rises with focus on Fed minutes

2021-11-24 22:03:56 GMT (Economies.com)
Dollar rises with focus on Fed minutes

The US dollar rose against most of its rivals on Wednesday, ahead of the Federal Reserve's meeting minutes.

 

Data showed today that the second reading of the US GDP grew 2.1% in the third quarter, on par with forecasts.

 

The US Department of Labor revealed that the number of initial unemployment claims fell to 199K last week from 270K, better than forecasts of 259K.

 

The US durable goods orders index fell 0.5% last month, missing forecasts of a rise by 0.2%, and the core reading rose 0.5%, on par with forecasts.

 

The personal consumption expenditures index rose 0.5% in October, as the market expected for the second straight month.

 

The Fed's meeting minutes will be released later today which reveals the discussions that took place during the last meeting and the decision to start reducing asset purchases.

 

The dollar index rose against a basket of major currencies by 0.4% to 96.8 points as of 18:53 GMT, after hitting a high of 96.9 points and a low of 96.4 points.

 
 
 
  Symbol Last Change Chg.%
1.1320
0.0050
0.4401%
1.3322
0.0012
0.0905%
Tadawul
10810.60
-60.02
0.55%
22.812
-0.234
1.013%
67.217
-5.184
7.160%
71.20
-2.24
3.05%
1792.310
7.220
0.405%
 
 
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