Dollar loses slightly against euro after Fed report



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NEW YORK (awp / afp) – The dollar fell a little against the euro on Thursday after the report of the last meeting of the US central bank (Fed), citing a rate hike in December but a future more blurring.

Around 20H00 GMT (21H00 in Paris), the euro was worth 1,1384 dollar, against 1,1366 dollar Wednesday at 22:00 GMT.

The monetary committee of the US central bank (Fed) still plans a rise in interest rates in December but appears more and more divided on the evolution of the future monetary trajectory, according to a report of the monetary meeting of the November 8 released Thursday.

After a little advance at the time of publication of the report, the dollar then dropped slightly against the euro.

"There is nothing really surprising in the comments of the Fed that we have already heard Wednesday with a speech by its President Jerome Powell, and several times in the last two weeks," said David Gilmore of Foreign Exchange Analytics .

On Wednesday, the dollar had suffered from the remarks of Mr Powell, who had estimated that interest rates were "just below" a neutral level for the economy.

"This is a significant change of language at the top while until recently the Fed boss considered the current level of rates as far from neutral," said Konstantinos Anthis, an analyst for ADS Securities.

He believes this is a sign that the Fed is thinking of slowing the pace of its rate hikes next year.

Interest rates are an essential element of the value of a currency because the higher they are, the more they make it profitable and therefore attractive for traders.

In the face of the dollar, between the quarrel over the Italian budget weighing on the euro and Brexit, which penalizes the British pound, "European currencies have their own internal difficulties that prevent them from climbing steeply," said Mr Anthis.

On Wednesday, the UK government and the Bank of England each revealed their economic forecasts in the event of a UK exit from the EU, highlighting the negative effects on growth.

Two weeks before the vote of the British Parliament to decide on the agreement negotiated by London with Brussels, uncertainty remains very high and the pound is highly volatile.

Investors will keep a close eye on the G20 summit being held Friday and Saturday in Buenos Aires Argentina. Relations between the United States and China will be particularly scrutinized with regard to the commercial standoff they have engaged.

Around 20:00 GMT Thursday, the greenback was worth 113.42 yen, against 113.68 yen Wednesday at 2200 GMT.

The euro fell against the yen to 129.13 yen for one euro against 129.21 yen Wednesday night.

The Swiss franc was down against the euro, at 1.1344 Swiss francs per euro, against 1.1299 on Wednesday, and was the same in relation to the greenback, at 0.9964 Swiss francs to the dollar against 0, 9941 Wednesday.

The Chinese currency finished at 6.9425 yuan for one dollar, against 6.9539 around 15.30 GMT on Wednesday.

The ounce of gold was worth 1,224.40 dollars, against 1,221,22 dollars Wednesday at 22:00 GMT.

Finally, bitcoin was trading at $ 4,190.38, against $ 4,221.02 on Wednesday, according to figures compiled by Bloomberg.

Thursday class Wednesday class

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20H00 GMT 22H00 GMT

EUR / USD 1,1384 1,1366

EUR / JPY 129.13 129.21

EUR / CHF 1,1344 1,1299

EUR / GBP 0.8908 0.8863

USD / JPY 113.42 113.68

USD / CHF 0.9964 0.9941

GBP / USD 1.2780 1.2825

afp / rp

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