empty
20.03.2019 10:34 AM
The dollar rises to most currencies on Wednesday

Today, the value of the dollar rises in pairs with the rates of major world currencies in anticipation of the outcome of the meeting of the US Federal Reserve System (FRS). According to experts, the change in rates by the American regulator during this meeting should not happen, and all attention will be focused on the final statement, as well as on the comments of US Central Bank Governor Jerome Powell. Market participants expect the Federal Reserve to announce its plans for a program to reduce assets on the Central Bank's balance sheet, which is scheduled later this year.

According to experts, the Fed may signal a longer suspension of rate normalization but still does not rule out one increase before the end of 2019.

The pound sterling is declining today. Earlier this week, Speaker of the House of Commons, John Bercow, excluded the holding of a regular vote on Britain's withdrawal from the European Union if Theresa May, the country's prime minister, does not make changes to the proposal for Brexit terms. Michel Barnier, the main negotiator with the European Union for Brexit, declared on the eve that any delay in the "Euro-Divorce" process would lead to political and economic costs for the EU, and urged London to present a clear plan.

This image is no longer relevant

Today, during the operation to protect its currency, which falls in tandem with the dollar, Hong Kong was once again forced to resort to interventions in the foreign exchange market. The Hong Kong Monetary Authority (NKMA) bought out 604 million Hong Kong dollars amid a depreciation of the currency to 7.85 Hong Kong dollars per US dollar. During March, NKMA spent 8 billion Hong Kong dollars to protect the national currency.

The dollar index, which tracks the dynamics of the US dollar against six major world currencies, rose 0.1%.

By 06:12 London time, EURUSD slipped to $ 1.1349. The USDJPY pair rose by 0.13%, reaching 111.54 yen. The EURJPY pair rose 0.12% to 126.62 yen.

This image is no longer relevant

This image is no longer relevant

The national currency rate of Britain sank in pair with the dollar by 0.09%, to 1.3556 dollars. The EURGBP pair decreased by 0.07%, to 1.1680.

The dollar rises in price by 0.2% paired with the national currency of Australia and by 0.3% with the New Zealand dollar.

Svetlana Doronina,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

US Market News Digest for May 8, 2025. US stock indices close higher on trade deal optimism

Major US stock indices ended the session in the green, supported by statements from Donald Trump indicating progress in negotiations over a major trade agreement. The market interpreted this rhetoric

Ekaterina Kiseleva 14:00 2025-05-08 UTC+2

Gold slips, stocks sink: what India, Germany and the Fed have in common

Equities are falling on stalled tariff agreements ahead of the Fed decision. Gold is sliding on renewed US-China talks. UK and India have clinched a major trade pact. Friedrich Merz

12:36 2025-05-07 UTC+2

US Market News Digest for May 7

The major US stock indices closed in negative territory, with the S&P 500 down 0.8% amid growing uncertainty about trade policy and anticipation of new comments from the Federal Reserve

Ekaterina Kiseleva 12:20 2025-05-07 UTC+2

Gold falls, stocks plunge: What India, Germany and the Fed have in common

Stocks fall on lack of tariff deals ahead of Fed policy decision Gold falls on hopes for US-China trade talks; UK, India reach trade deal after 3-year talks Germany's Merz

Thomas Frank 07:05 2025-05-07 UTC+2

US Market News Digest for May 6, 2025

The US stock market opened the week in turmoil. Berkshire Hathaway shares were trading under pressure after Warren Buffett had Stepped down as CEO. Investors are concerned about the company's

Ekaterina Kiseleva 13:52 2025-05-06 UTC+2

$9 Billion for Skechers, falling indices, and surge in Asian stocks

Berkshire Hathaway slips after Warren Buffett steps down as CEO. The US services sector shows growth in April. Skechers surges following a $9 billion privatization deal. Investors await trade agreements

13:26 2025-05-06 UTC+2

Skechers' $9B, Indexes Sink, Asia Surges: A Day of Change

Berkshire Hathaway Slips After Buffett Steps Down as CEO U.S. Services Sector Rising in April Skechers Jumps After $9B Privatization Deal Investors Await U.S.-Partner Trade Deals Asian Currencies in Focus

Thomas Frank 07:41 2025-05-06 UTC+2

US Market News Digest for March 17

US stock indexes, including the S&P 500 and Nasdaq, ended the week confidently in positive territory. This was largely due to encouraging developments in trade talks with China and resilient

Ekaterina Kiseleva 13:32 2025-05-05 UTC+2

Europe on pause: What's behind the stock market plunge and Trump's unexpected activity

European stocks fell slightly; STOXX 600 - minus 0.1%, France - minus 0.3% Investors await data on US-China talks, earnings and Fed decision Trump: 100% tariffs on foreign films, Alcatraz

Thomas Frank 11:34 2025-05-05 UTC+2

US Market News Digest for May 2

US equity indices continue to climb despite lingering economic uncertainty. Investor optimism is being driven by expectations of progress in trade talks between the US and China. Nevertheless, ongoing economic

Ekaterina Kiseleva 13:14 2025-05-02 UTC+2
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.