Investing.com – The u.s. dollar fell on Wednesday as u.s. economic data strengthens the position is currently neutral to the federal Reserve on the interest rate, while the currency pairs will fluctuate after the economic news and policies abroad.
At 23: 30 (15: 30 GMT), the dollar index, which measures the greenback’s strength against a basket of six major currencies weighted by trade, has declined from 0.21% 96,70.
In the United States, output prices increased only marginally in February, which reflects an increase similar to that of the index of consumer prices and adding to signs of an easing of inflationary pressures.
Durable goods orders recorded the strongest growth in six months in January, but have been insufficient to change the prospects of a slowdown in the u.s. economy at the beginning of the year.
The inflation and the slowing of growth in the incentive the Fed chairman Jerome Powell, to amend his promise according to which the central bank would maintain a “patient approach and wait-and-see”.
The u.s. dollar was generally weaker Wednesday, as a whole, with the emphasis being placed on the cable.
The pound sterling received a further boost when the british Parliament has again rejected the agreement of the british Prime minister, Theresa May with the european Union.
The british Parliament will hold another vote at around 15h00 (19h00 GMT). It should block any possibility of departure from the United Kingdom without an agreement likely to lead to a proposal for a deadline for the 29th of march.
The euro also rose against the greenback after the economic data showed industrial production stronger than expected for the euro area in February.
On the contrary, the australian dollar was under pressure as consumer confidence has reached its lowest level in more than a year in the month of march. The new zealand Dollar, which is closely linked to the Australian, has also dropped against the u.s. currency.
The japanese yen was little changed, the USD / JPY is trading at 111.34.
