The dollar fell against a currency basket on Thursday after the third Federal Reserve rate cut this year, as investors took indications of a potential pause in the easing cycle with a pinch of salt.
In lowering its key overnight lending rate by a quarter of a percentage point to a target range of between 1.50% and 1.75% the U.S. central bank dropped a previous reference in its policy statement that it "will act as appropriate" to sustain the economic expansion - language that was considered a sign for future cuts.
The lack of a clear indication from the Fed that it is done with easing for now was seen as less hawkish than expected, sending the dollar lower.
The U.S. dollar index was down 0.3% at 97.11 by 04:33 AM ET (08:33 GMT), its lowest level in a week.
The euro was up 0.14% to 1.1164, while the greenback last traded at 108.61 yen , 0.2% lower on the day.
Source : Investing.com
The dollar held onto gains on Wednesday as a resurgence of the coronavirus in the United States and the return of lockdowns in some countries boosted safe-haven demand for the U.S. currency. Risk sen...
The U.S. dollar inched higher against a basket of currencies on Tuesday, holding above the near two-week low hit in the previous session, as investors turned uneasy over new coronavirus flare-ups and ...
Sterling held near a three-week high against the dollar and gained against the euro on Tuesday as investors waited for more details of the government's plans to support the British economy. Chancello...
The pound fell against the euro, as the common currency rose on Monday, and held steady against the U.S. dollar, as traders looked ahead to this month's Brexit negotiations and more government support...
The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector stopped contracting, and highlighting the economic recovery from the corona...
The southern Australian city of Melbourne will be placed under a six-week lockdown due to a spike of new COVID-19 cases. Victoria State Premier Daniel Andrews announced Tuesday that residents will not be allowed to leave home unless...
Gold held firm near a more than eight-year high on Wednesday, as safe-haven demand was bolstered by worries over surging COVID-19 cases and hopes of more stimulus measures to combat the economic blow. Spot gold was steady at $1,793.56 per ounce by...
Hong Kong stocks opened slightly higher Wednesday, resuming their rally after a steep drop in the previous session. The Hang Seng Index added 0.40 percent, or 102.95 points, to 26,078.61. The benchmark Shanghai Composite Index gained 0.52...
Gold futures moved higher on Monday, building on last week's climb to mark their highest finish in almost a week.
The ICE U.S. Dollar Index was...
Gold achieved an important milestone this past week as priced pushed above $1,800 an ounce for the first time since 2011 and with strong...
Gold futures marked their highest finish in nearly nine years, after climbing to nearly $1,810 an ounce during Tuesday's session.
Prices had seen a...
Gold climbed as investors sought haven assets amid the rise in coronavirus cases, with the World Health Organization reporting a one-day high...