U.S. Dollar Higher As Fed Meeting In Focus

RTTNews | vor 954 Tagen
U.S. Dollar Higher As Fed Meeting In Focus

(RTTNews) - The U.S. dollar climbed against its major counterparts during European deals on Tuesday, ahead of a large rate hike from the Federal Reserve at the end of its two-day meeting on Wednesday.

The Fed kicks off its monetary policy meeting today and will conclude on Wednesday.

Markets are fully pricing in a 75 basis point rise in rates, although Fed funds futures show a slight chance of a full-point move.

The Fed is expected to raise the fed funds rate to 4.5 percent by early next year.

The 2-year treasury yield touched its highest level since 2007, reaching 3.97 percent. Yields move opposite to bond prices.

The greenback approached 143.82 against the yen, its strongest level since September 14. If the greenback climbs further, 145.00 is likely seen as its next resistance level.

The greenback rose to 0.9668 against the franc and 0.9979 against the euro, from a previous 4-day low of 0.9623 and a 1-week low of 1.0051, respectively. The greenback is likely to challenge resistance around 0.98 against the franc and 0.96 against the euro.

The greenback jumped to 0.5901 against the kiwi, setting nearly a 2-1/2-year high. The greenback may locate resistance near the 0.57 area.

The greenback edged up to 0.6693 against the aussie and 1.3301 against the loonie, off an early 5-day low of 0.6747 and a 4-day low of 1.3227, respectively. The greenback is seen finding resistance around 0.64 against the aussie and 1.36 against the loonie.

The greenback rebounded to 1.1406 against the pound, from a 4-day low of 1.1461 hit at 8 pm ET. On the upside, resistance is likely seen near the 1.13 level.

read more
Yen Slides As Bank Of Japan Retains Rate As Expected

Yen Slides As Bank Of Japan Retains Rate As Expected

The Japanese yen weakened against other major currencies in the Asian session on Thursday, after the Bank of Japan left its interest rate unchanged for the second consecutive meeting and downgraded its growth projections citing trade tariff threats.
RTTNews | vor 21Std 50 Minuten
Commodity Currencies Rise Amid Risk-on Mood

Commodity Currencies Rise Amid Risk-on Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid increased risk-on mood, as traders booked some profits after the recent upside in markets and a report showing the U.S. economy unexpectedly shrank in the first three months of 2025 generated some optimism about the outlook for interest rates.
RTTNews | vor 22Std 5 Minuten
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | vor 23Std 15 Minuten