The dollar stabilizes globally before the Fed's decision



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Direct: The US dollar continued to stabilize against major currencies on Wednesday, pending the Federal Reserve decision and after the announcement of economic data.

Official data now shows that the US private sector has created 156,000 jobs this month, which exceeds badysts' expectations.

In the United States, labor costs increased in the second quarter of this year, the slowest pace since the end of 2017.

The Fed's monetary policy committee meets for the second consecutive day to decide the interest rate.

The Federal Reserve is set to lower interest rates by 25 basis points for the first time since the global financial crisis.

At 13:07 GMT, the dollar had fallen slightly by 0.06% to reach 1.11148 USD, while it was stabilizing against the yen at 108.59 Yen.

The greenback fell 0.3% to 1.2191 dollars, while the Swiss franc was stable against the Swiss franc 0.9898 francs.

During this period, the main dollar index, which measures the performance of the currency against the six major currencies, stabilized at 98.026.

In terms of trade developments, a US trade delegation visited China this week, the first since the two heads of state agreed at the end of last month to resume trade talks. .

However, US President Donald Trump on Tuesday accused China of delaying talks ahead of the US presidential election.

"He was supposed to start buying our agricultural products now, but nothing seems to indicate that they are doing it," said Trump. "It's China's problem."

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