Rebonds in USD Sky News Arabia



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Prices have dropped Oil For the highs reached on Monday, and abandoned Yen The Swiss franc posted gains from uncalculated purchases of safe haven currency.

The dollar has reached its highest level since August 1 against the yen, reaching 108.36 yen, supported by the announcement of the US president Donald Trump It has trade agreements with Tokyo.

The movements were minor, as traders await the results of the Federal Reserve meeting.US Central BankOn Wednesday's policy, with high expectations of rate cuts, the Bank of Japan's meeting on Thursday could lead to more stimulus.

Index continued The dollar, Which tracks the performance of the greenback versus a basket of six major currencies, gained Monday at 98.609.

And look Euro A little higher at $ 1,1010, while the Swiss franc dropped slightly to $ 0.9919.

The yuan fell 0.3%, the lack of information before Thursday's meetings between US and Chinese trade officials undermining the market's optimism about the chances of progress of negotiations to end a long tariff war.

The main movement among major currencies was the Australian dollar, which fell 0.4% to its lowest level in 11 days and pushed the New Zealand dollar lower, after the Reserve Bank of Australia (RBA) ) tended to soften during meetings.

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Oil prices hit record highs on Monday, and the yen and Swiss franc shed gains from continued purchases of safe haven currencies.

The dollar reached its highest level since August 1 against the yen, reaching 108.36 yen, supported by the announcement by US President Donald Trump of the conclusion of trade agreements with Tokyo.

Movements were minor as traders wait for the results of the Federal Reserve's policy meeting on Wednesday, with strong expectations of rate cuts, and the Bank of Japan meeting on Thursday that could lead to more stimulus .

The dollar index, which tracks the performance of the greenback versus a basket of six major currencies, lifted Monday's gains to 98,609.

The euro hit a level slightly above $ 1.1010, while the Swiss franc dropped slightly to $ 0.9919.

The yuan fell 0.3%, the lack of information before Thursday's meetings between US and Chinese trade officials undermining the market's optimism about the chances of progress of negotiations to end a long tariff war.

The main movement among major currencies was the Australian dollar, which fell 0.4% to its lowest level in 11 days and pushed the New Zealand dollar lower, after the Reserve Bank of Australia (RBA) ) tended to soften during meetings.

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