© Reuters. The dollar stabilizes this Friday
Investing.com – The greenback has stalled Friday, while the pound fell slightly as investors turn to the testimony of the Fed chairman Jerome Powell the governor of the Bank of England, Mark Carney.
The president of the federal Reserve, and Jerome Powell, and the governor of the BOE, Mark Carney, should attend a round table on financial stability and transparency of the central Bank at the conference Sveriges Riskbank: 350 years of central bank – The past, the present and the future in Stockholm, Sweden, at 9: 15 am ET (13: 15 GMT).
The dollar index, which measures the greenback’s strength versus a weighted basket based on the trade of six major currencies, was slightly increased by 0.03% to 93,75 at 5: 17 am EDT (9h17 GMT).
The dollar has also been undermined by the minutes of Fed meeting on Wednesday which suggest that if another interest rate increase is warranted, the central bank agree that inflation exceeds its target rate for some time.
It was a surprise to investors, who expected that the Fed increases interest rates and tightens monetary policy in the months to come. The Fed has raised its rates in march and is expected to increase its rates two more times, with an increase of 95% in June.
The us dollar appreciated against the yen, with USD / JPY up 0.26% to 109.52.
At the same time, the pound sterling declined slightly after the data have shown that the annual savings in England had not been revised, and maintained at 1.2%. The GBP / USD fell 0.10% to 1,3365. The euro was also higher, but has been selected by economic and political worries in Europe. The EUR / USD rose 0.01% to 1,1719.
Elsewhere, the australian dollar is advancing, with an increase of 0.11% to 0,7584 for the AUD / USD, while the NZD / USD rose 0.10% to 0,6933.