ZCZC
BCN-37
US-DOLLAR-FOREX
U.S. dollar rises ahead of Fed statement
NEW YORK, Aug 1, 2018 (BSS/Xinhua) – The U.S. dollar went up on Tuesday as
investors were awaiting the latest Federal Reserve statement due out later
this week.
The U.S. central bank will conclude its two-day monetary policy meeting on
Wednesday. It was widely expected that the Fed won’t raise rates this time,
yet investors will look closely to its policy statement to get more
information about the future rate-hike pace.
The Japanese yen declined against the greenback on Tuesday after the Bank
of Japan surprised the market by announcing that it intends to keep rates low
for an “extended period of time.”
The yen lost 0.70 percent against the dollar in late trading.
The dollar index, which measures the greenback against six major peers,
was up 0.15 percent at 94.464 in late trading on Tuesday.
In late New York trading, the euro was down to 1.1697 dollars from 1.1709
dollars in the previous session, and the British pound decreased to 1.3124
dollars from 1.3135 U.S. dollars in the previous session. The Australian
dollar climbed to 0.7435 dollar from 0.7408 dollar.
The U.S. dollar bought 111.84 Japanese yen, higher than 110.00 Japanese
yen of the previous session. The U.S. dollar gained to 0.9900 Swiss franc
from 0.9880 Swiss franc, and it went down to 1.3002 Canadian dollars from
1.3024 Canadian dollars.
BSS/AFP/HR/1230