Forex- U.S. Dollar Dips Before Fed Meeting; Pound Rises - Investing.com

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Forex- U.S. Dollar Dips Before Fed Meeting; Pound Rises - Investing.com

Forex- U.S. Dollar Dips Before Fed Meeting; Pound Rises - Investing.com

Posted: 28 Oct 2019 08:47 AM PDT

© Reuters. © Reuters.

Investing.com - The U.S. dollar fell slightly on Monday ahead of an anticipated Federal Reserve rate cut later this week, while a Brexit extension helped lift the pound.

The , which measures the greenback's strength against a basket of six major currencies, was down 0.1% to 97.558 as of 10:46 AM ET (13:46 GMT). The Fed is expected to cut rates for the third time this year when it meets on Wednesday, but investors are waiting for comments at a central bank press conference to find out if policymakers will continue to ease monetary policy.

The Bank of Japan is also expected to meet this week, with its monetary decision being closed watched on Thursday as it faces fallout uncertainty from the U.S.-China trade war. The safe-haven Japanese yen was lower with rising 0.3% to 108.90.

Elsewhere, sterling was higher after European Union Council President Donald Tusk confirmed via Twitter on Monday that the EU has agreed to extend the deadline for Brexit until Jan. 31, 2020, in line with the request from the U.K. government earlier this month.

rose 0.3% to 1.2858 while was up 0.1% to 1.1091.

The agreement is likely to include an earlier exit if a withdrawal agreement is agreed to by the U.K. before, according to various reports.

The U.K. Parliament is scheduled to vote later Monday on whether or not to hold a general election before Christmas in a bid to try to ratify the withdrawal agreement agreed by the EU with Prime Minister Boris Johnson.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Forex - Dollar Flat Ahead of Fed; Johnson Fails to Win Support for Dec 12 Election - Investing.com

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© Reuters. © Reuters.

Investing.com - The U.S. dollar was near flat on Tuesday in Asia as traders awaited a highly anticipated Federal Reserve meeting this week.

The that measures the greenback against a basket of other currencies was unchanged at 97.552 by 12:45 AM ET (04:45 GMT). The Fed is strongly expected to cut rate for the third time this year on Wednesday when policy makers meet, but investors will be watching for any indication that further cuts are likely.

Markets also continued to pay close attention to the Sino-U.S. trade developments. Tension between the two nations eased somewhat as the Office of the U.S. Trade Representative (USTR) said Washington is considering extending certain tariff exclusions on $34 billion of Chinese imports.

The news came after U.S. President Donald Trump said overnight that a trade agreement looked to be ahead of schedule, without detailing the timing.

Meanwhile, the pair slipped 0.1% after U.K. Prime Minister Boris Johnson failed to win support for an early general election.

The vote came just hours after European Union Council President Donald Tusk also confirmed that the EU has agreed to extend the deadline for Brexit until Jan. 31, 2020 after a request from the U.K. government.

The pair inched up 0.1%. The Bank of Japan sets policy on Thursday, while Governor Haruhiko Kuroda will hold a news conference.

The pair and the pair rose 0.2% and 0.3% respectively.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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