Forex: The Dollar slightly higher ahead of the Fed and the new rates

The u.s. dollar rose on Wednesday, traders are waiting for the information on the meeting of the federal Reserve and the new commercial sino-american.

The U. S. Dollar Index hovered for the last time in 97,505 at 09h55, up 0.1%.

On Wednesday, the federal Reserve decides interest rates, followed by a press point of president Jerome Powell. The committee of the Open Market, the Fed should keep interest rates outstanding later in the evening.

The new commercial sino-american returned to the front of the stage, the Wall Street Journal and Bloomberg quoted sources and said that the United States could delay the rates provided on the chinese products.

However, Larry Kudlow, the chief economic adviser to the us president, Donald Trump declared that he could not confirm that the new tariffs on China would be delayed.

Without the agreement or delay in the rates before the deadline of 15 December, the United States should impose tariffs on 156 billion to the chinese products.

The chinese equities and the u.s. dollar rose following the news, but the gains have been limited.

“The markets have become numbed by the noise” on trade, said Burns McKinney, portfolio manager, global at Allianz (DE: ALVG), to Bloomberg in an interview.

“The FOMC meeting, the election in the United Kingdom, and then later this week the deadline of December 15, are all factors that I think the markets generally have not taken into account on any bad news.”

The pair GBP/USD declined 0.1% to 1,3145, the pound sterling has fallen on the announcement that the advance of the Prime minister Boris Johnson in the general elections the british had been reduced by more than half in a poll closely monitored published two days previously.

The pair EUR/USD has also retreated by 0.1% to 1,1082 while traders are awaiting the next policy decision of the European Central Bank on Thursday.

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