[ad_1]
The dollar is cheaper compared to its major world currencies – its competitors, after the Federal Reserve Chairman said US interest rates were just neutral (adjusted for inflation, only stimulating or stopping economic growth). Many investors saw this as an indication of the rapid completion of the monetary tightening cycle.
This commentary by Jerome Powell has led to a general weakening of the dollar, especially with regard to risky and "rough" currencies such as the Australian and New Zealand dollars.
Market players are waiting for further signals on the dynamics of tighter Fed policy in the November Central Bank report to be released later today.
On Thursday, at the start of currency trading, the dollar lost 113% of the yen to $ 113.26.
The common currency is trading today against the United States at about 1.1338 dollar for one euro, or 0.1% higher than the level at the end of yesterday's trading. A day earlier, the euro had added 0.7% to its value thanks to the weakening of the dollar.
The slug sterling this morning changes slightly and is trading at a level close to $ 1.2841. Investors report that the British currency is under pressure, but they rely on Prime Minister Teresa May to approve the agreement on Brexit in Parliament.
[ad_2]
Source link
