Thursday, 18 July 2019
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Dollar Steady After Fed's Dovish Turn; Brexit Fear Hits
Thursday, 21 March 2019 16:07 WIB | CURRENCIES | Indeks Dolar Yen EuroDolar AS

The dollar is steadying early Thursday after falling sharply as the Federal Reserve all but swore off raising interest rates again this year “ a swing that could signal the end of the whole policy tightening cycle.

œThe Fed™s concerns over the future inflation path are clearly stronger than anticipated and it seems that the hiking cycle really is now over, said Lee Ferridge, head of multi-asset strategy, the Americas at State Street (NYSE:STT) Global Markets.

The dollar index, which measures the greenback against a basket of six major currencies, lost over half a percent in reaction to the news, but it recovered during Asian trading hours and at 04:00 AM ET (0800 GMT), it stood at 95.412, down around 0.5% from its level before the announcements. The euro was at $1.1422, just off a six-week high of $1.1438, while against the yen, the dollar fell to a new five-week low of 110.36.

Source : Investing.com

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