Dollar wobbles in thin trading

Dhaka,  Tue,  23 May 2017
Published : 15 Mar 2017, 14:30:40
printer

Dollar wobbles in thin trading ahead Fed meeting

Dollar wobbles in thin trading
The dollar wobbled in a narrow range in Asian trading on Wednesday, as investors waited anxiously to see what clues the US Federal Reserve would soon reveal on its monetary policy outlook.

With the futures market pricing in more than a 90 per cent chance that it would raise interest rates, investors' main focus turned to what the Fed's statement on Wednesday will say.

Against its Japanese counterpart, the greenback edged up 0.1 per cent to 114.81 JPY=, remaining shy of last week's peak of 115.51, which was its highest level since Jan. 19.

Sterling nursed its losses after tumbling to an eight-week low of $1.2110 GBP=D3 in the previous session, amid worries about a prolonged and painful process of the UK's exit from the European Union. 

The sterling was last steady on the day at $1.2166.

The euro edged up 0.1 per cent to $1.0614 EUR=. It remained below its Monday high of $1.0714, which was its loftiest perch since early February.

The dollar index, which tracks the greenback against a basket of six rival currencies, was flat at 101.71, according to Reuters.
ADDRESS
Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049
Email : editor@thefinancialexpress-bd.com, fexpress68@gmail.com
Copyright © 2017. All rights reserved
Powered by : orangebdlogo
close