Forex – The dollar is advancing despite the position of the Fed


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Investing.com – The greenback has regained strength on Thursday, while recovering slowly from a dovish position unexpected by the federal Reserve.

The dollar index, which measures the greenback’s strength against a basket of six major currencies, jumped 0.6% to 95,755 at 10h38 ET (14h38 GMT).

The Fed has left the rate unchanged on Wednesday, but has eased its outlook for u.s. economic growth over the next year due to concerns related to the slowdown of the economy, even in a strong labour market.

Policy makers have lowered their forecasts of rate increases in 2019, indicating that it was unlikely that the Fed will change its strategy anytime soon.

The central bank has also indicated that it would end its policy of reducing the balance sheet at the end of the second semester.

At the same time, the number of people who filed new requests for aid, unemployment has decreased, which indicates that the conditions on the labour market did not weaken, even if the number of new jobs fell in February.

The us dollar appreciated against the yen, with USD / JPY up 0.05% at 111,46.

The pound sterling was in decline since the Bank of England kept its rates unchanged, ignoring the economic data optimistic for caution with respect to the plan of the United Kingdom to leave the european Union.

The First minister Theresa May is expected to ask Brussels for an extension of time of Brexit than three months later Thursday, but it is not known whether the block will give his agreement.

The GBP / USD has slipped from 0.5% to 1,3126.

Elsewhere, the AUD / USD rose 0.2% to 0,7125, while the NZD / USD gained 0.1% to 0,6891. The loonie is falling, with USD / CAD up 0.4% at 1,3355 and the EUR / USD down 0.3% to 1,1376.

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