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Dollar Falls as Fed Decision Looms, Yen and Real Gain

Started by Epoch-Times-Bot, Nov 02, 2022, 08:45 AM

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Epoch-Times-Bot

Nov 02, 2022, 08:45 AM
Dollar Falls as Fed Decision Looms, Yen and Real Gain

LONDON/TOKYO—The dollar slipped on Wednesday as investors awaited a Federal Reserve policy decision amid speculation it might indicate a slowdown in future rate hikes.
The central bank will release its policy statement at 2 p.m. EDT (1800 GMT), with investors widely expecting a 75 basis points (bps) rate hike, the fourth such increase in a row.
But for the December meeting, the futures market is split on the odds of a 75- or 50-bps increase.
The dollar index—which gauges the greenback against a basket of six counterparts that includes the yen, euro, and sterling—eased 0.2 percent to 111.27, but was not far below Tuesday’s high of 111.78, the strongest level since Oct. 25....

Source: Dollar Falls as Fed Decision Looms, Yen and Real Gain

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Aug 11, 2024, 09:55 AM
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