Forex: USD remains stable ahead of the Fed, Johnson still fails to trigger new elections

The u.s. dollar was nearly flat on Tuesday morning, while traders were expecting a well-attended meeting of the federal Reserve this week.

The index US Dollar Index which measures the greenback against a basket of other currencies remained unchanged at 97,552 to 10: 00. The Fed is expected to lower its rates for the third time this year on Wednesday, on the occasion of the meeting of the political decision-makers, but investors will be attentive to any indication of the possibility of further reductions.

The markets have also continued to pay particular attention to the development of trade, the sino-american. The tensions between the two countries eased somewhat when the office of the u.s. representative of the trade (USTR) has declared that Washington was considering extending certain exclusions tariff on chinese imports with a value of $ 34 billion.

The news was announced after us president Donald Trump has stated that, in the course of the night, that a trade agreement seemed to be in advance on his schedule, without specifying the time.

At the same time, the pair GBP/USD fell 0.2%, after that the british Prime minister, Boris Johnson, has failed to obtain the support of a general election early.

The vote was taken just hours after the president of the Council of the European Union, Donald Tusk, has confirmed that the EU had agreed to extend the deadline of Brexit until January 31, 2020, at the request of the british government.

The pair USD/JPY has remained almost unchanged at 108.90. The Bank of Japan defines its policy on Thursday, as the governor Haruhiko Kuroda will also hold a press conference.

Like this post? Please share to your friends:
Leave a Reply