Forex – The dollar is advancing while the Fed and trade weigh

© Reuters. – The dollar rose on Thursday, after falling to a low of nearly three weeks Wednesday as the u.s. federal Reserve has still kept its monetary policy unchanged.

The Fed has left interest rates unchanged at its meeting on Wednesday, citing uncertainty about the global economic outlook. It has also relaxed its position on the reduction of the size of its balance sheet.

The dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.06% to 95,08 in the morning at 10h26 (15h26 GMT).

Trade tensions have also weighed, as investors await the evolution of the trade negotiations between the United States and China. The american president Donald Trump is expected to meet with chinese vice Premier Liu He in the office the Oval later in the day, but no agreement is expected before Mr. Trump meets with the chinese president Xi Jinping.

Meanwhile, the number of persons who filed a request for unemployment assistance in the United States has recorded its largest increase since September 2017, raising concerns about the health of the economy. However, this number reflects a large increase due to the closure of the government at the beginning of the month.

The dollar was lower the yen, with USD / JPY down 0.26% to trade at 108.72.

Elsewhere, the euro depreciated with the EUR / USD 1.1476, as the news of the recession that Italy was in crisis scares investors. The pound sterling was down with GBP / USD down 0.08% to 1,3104, so that the Brexit could move closer to their maturity.

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