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© Reuters.
Investing.com – The dollar was trading at two-week highs against a basket of currencies on Wednesday, as markets awaited new signals from the Federal Reserve on interest rates and that The evolution of the trade war between the United States and China remained a central concern.
Le, which measures the strength of the greenback against a basket of six major currencies, edged up 0.1% to 97.35% at 4:25 GMT (9:25 GMT), its highest level since November 13 .
Investors were eagerly awaiting Fed Chairman Jerome Powell's speech later in the day and the report of the US Central Bank meeting in November, to be released on Thursday. The markets are hoping to have new insights on the future developments of interest rate hikes.
It is generally expected that the Fed will raise rates for the fourth time this year at its next meeting in December and said it could raise rates three more times in 2019.
However, sneaky comments from some policymakers in recent weeks have suggested that the Fed could slow the pace of future rate hikes due to worries about the outlook for the global economy and trade tensions. ongoing global challenges.
On Tuesday, US President Donald Trump, whom he had chosen last year to head the bank, and the Fed's rate hikes, which, he said, are hurting the economy.
Also Tuesday, Fed Vice President Richard Clarida said the tightening would be based on the data.
Market observers were also waiting for the G20 summit in Buenos Aires later this week, where it is planned to discuss trade. Investors hope the talks could lead to a ceasefire in the trade war.
Trump said earlier this week that it was "very unlikely" that he would accept China's request to delay a planned tariff increase, which is expected to come into effect in January.
The dollar remained at its highest level in two weeks against the yen, with 113.79.
The euro was at the two-week low against the dollar, with a change of hands at 1.285.
The pound rose slightly, up 0.13% to 1.2763. The Bank of England was to publish its badessment of the UK Brexit withdrawal agreement later that day, which was a scenario.
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