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Main » 2016 » February » 12 » The dollar continues to fall: the Fed and data in focus
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The dollar continues to fall: the Fed and data in focus
 
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On Friday, the US dollar hovered near a four-month lows against the other major currencies - the uncertainty in the timing and pace of the Fed raising interest rates rising, while US investors await the release of data.

 

 

Pair USD / JPY fell 0.23% to ¥ 112.16 to the dollar, trading near a 15-month low of ¥ 110.98 on Thursday. The interest of investors to the Japanese yen as a safe asset, continues to grow amid concerns about the global economy and the financial sector in the eurozone.


Even despite the fact that the Minister of Energy of the United Arab Emirates said that OPEC is ready to discuss with other exporters reduced production, on Friday oil continued to trade below $ 28 per barrel.


In his speech to Congress on Wednesday, the chairman of the US Federal Reserve Janet Yellen said that the bank officials have good reason to believe that the US economy will continue to expand at a moderate pace, allowing the Fed gradually make adjustments to monetary policy.


Nevertheless, Ms. Yellen also called the risks facing the US economy, such as the tightening of financial conditions, due to the fall in stock prices and economic uncertainty in China.

The pair euro-dollar decreased by 0.10% to $ 1.1312, trading near three-month high of $ 1.1377 reached in the previous session.


The US Dollar Index, which tracks the US currency against a trade-weighted basket of six major currencies, was unchanged at 95.61. On Thursday, the index hit a four-month low of 95.28.

 

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