Wednesday, 22 January 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dollar steadies after rise in bets on bigger Fed rate cut
Friday, 19 July 2019 15:16 WIB | CURRENCIES |DOLLAR Indeks Dolar Euro

The U.S. dollar recovered slightly in early Friday trading, having fallen heavily after dovish comments from a key policymaker bolstered expectations of an aggressive interest rate cut this month.

At a central banking conference on Thursday, New York Fed President John Williams argued for pre-emptive measures to avoid having to deal with too-low inflation and interest rates.

That sent the dollar down before it rebounded slightly after a New York Fed representative subsequently said Williams' comments were academic and not about immediate policy direction.

The euro weakened 0.2% to $1.1261 but remained firmly within its weekly range as traders wait for next week's European Central Bank meeting.

The dollar index, which hit a two-week low of 96.648, bounced to 96.855. The dollar did particularly well against the yen, rising 0.3% to 107.60.

Source : Reuters

RELATED NEWS
Yen supported, yuan frail on coronavirus concerns...
Wednesday, 22 January 2020 08:32 WIB

The yen was supported while the yuan was on the back foot on Wednesday as investors tried to assess the risk of the outbreak of a new coronavirus in China disrupting the country™s economy and trade ...

Pound Near Day's Highs as Strong UK Jobs Data Trims Rate Cut Bets...
Tuesday, 21 January 2020 23:21 WIB

The pound held near the day's highs on Tuesday after the British economy created jobs at its strongest rate in nearly a year in the three months to November, potentially undermining the case for a Ban...

Yen in Demand; Virus Sparks Risk Aversion...
Tuesday, 21 January 2020 16:09 WIB

The Japanese yen is in demand Tuesday as a safe haven currency with the outbreak of the pneumonia-like virus in China sparking a bout of risk aversion. At 03:30 ET (08:30 GMT), the yen climbed 0.2% a...

Yen rises, yuan slumps as stocks fall on China virus...
Tuesday, 21 January 2020 13:16 WIB

The yen pulled ahead and the yuan fell against the dollar on Tuesday as the spread of a pneumonia-like virus in China sparked a sudden bout of risk aversion and sent Asian stocks skidding. The yuan s...

Shaky yen looks to BOJ, euro pauses before ECB review...
Tuesday, 21 January 2020 08:25 WIB

The yen traded near an eight-month low versus the dollar on Tuesday, while the euro held steady as investors awaited meetings of the Bank of Japan and European Central Bank amid a slightly improving b...

LATEST NEWS
Japan shares claw back earlier virus-related losses but worries persist

Japanese shares made modest gains on Wednesday, as earlier investor panic about the coronavirus in China abated, although hygeine-related firms remained in demand and pressure on the tourism sector persisted. The Nikkei share average rose 0.2% to...

Oil falls again as amply global supply seen offsetting Libyan outage

Oil prices edged lower on Wednesday, extending the previous session's drops, as investors continue to shrug aside the impact of almost all of Libya's crude production being off-line amid plentiful supplies elsewhere. Brent crude (LCOc1) was down...

HongKong stocks open slightly higher

Hong Kong stocks rose at the start of trade Wednesday following a sharp fall the day before but investors remain on edge over a deadly virus that has now spread to the United States. The Hang Seng Index opened up 0.47 percent, or 131.17 points, to...

POPULAR NEWS
Gold Edges Higher After IMF Shaves World Growth Forecast
Monday, 20 January 2020 20:50 WIB

Gold prices drifted fractionally higher on Monday as U.S. markets remained closed for the Martin Luther King holiday while European ones were...

Wall Street, Main Street expect gold price uptrend to continue
Monday, 20 January 2020 10:52 WIB

Wall Street and Main Street alike look for gold to continue the recent bounce this...

Gold Gains on Yemen Attacks, China Lunar New Year Buying
Monday, 20 January 2020 17:44 WIB

Gold prices rose to their highest in more than a week on Monday, after a missile attack in Yemen over the weekend fanned geopolitical concerns and...

Gold Settles Lower as Traders Weigh The Impact of China's Coronavirus on Demand for The Metal
Wednesday, 22 January 2020 01:56 WIB

Gold futures settled modestly lower on Tuesday, with some sources attributing the loss to the possibility that a viral outbreak may cut demand for...