The US dollar is down for a third day ahead of consumption data and the Fed meeting

The US dollar fell on the European market on Tuesday against a basket of world currencies, losing for the third time in a row US long-term bond yields, ahead of major economic data on consumer spending in the United States. Federal Reserve Meeting.

The dollar index fell 0.1% at 12.00 GMT, trading at 94.00 points, the opening level of 94.08 points and the highest at 94.24 and the lowest at 93.96 .

The index ended yesterday's session down 0.35%, the second daily loss in a row, with marked activity for the sale of the US currency against a basket of currencies.

The yield on ten-year US bonds fell three basis points to 2.94%, while the Federal Reserve will keep rates unchanged at 2.0% at a meeting later today. ; hui.

US investors seek important data on consumer spending, which accounts for more than 70% of GDP The US economy grew in the second quarter of this year with the highest growth rate in the world. ;year. four years.

The personal expenditure index for June is expected to rise 0.4% from a 0.2% rise in May and the personal income index is expected to rise 0.4% from the same way as the previous reading.

The Federal Reserve begins its regular meeting to discuss monetary policy appropriate to developments in the US economy, which will be released Wednesday, amidst the possibilities that keep interest rates unchanged without change in the US. Order of 2.0%, having been raised twice Previously during this year.

Investors examine the monetary policy statement looking for new data on rising interest rates twice this year, the prospect of an acceleration of US interest rates having been strengthened.

million. Powell said he saw the United States on the path to rapid economic growth for many years and that it was reducing the risks to the largest global economy of the recent global trade conflict. id = & # 39; facebook-jssdk & # 39 ;; if (d.getElementById (id)) {return} js = d.createElement (& # 39; script & # 39;); js.id = id; js.async = true; js.src = "http: //connect.facebook.net/ar_AR/all.js#appId=&xfbml=1"; d.getElementsByTagName (& # 39; head & # 39;) [0] .appendChild (js);} (document)); [ad_2]
Source link