The Dollar Falls With Federal Reserve Officials' Remarks
19 November 2018 11:55 p
Direct : The US dollar fell against major currencies during trading on Monday, after comments by Fed officials have given rise to concerns about the pace of monetary tightening.
By 8:40 am GMT, the dollar fell against the euro by 0.09% to $ 1.1425, while stabilizing against the yen at 112.80 yen.
The greenback was down against the pound at $ 1.2878, down 0.3%, while the Swiss franc was down 0.1% at 0.9988 francs.
At the level of the main dollar index, which measures the performance of the currency against 6 major currencies, fell marginally by 0.07% to 96.404.
In the past few days, a number of Fed officials have made statements about the slowdown in global economic growth and have raised investor concerns about the Bank's commitment to its monetary tightening agenda.
At its last meeting, the Federal Reserve announced that it is still expecting an additional interest rate hike this year and three increases in 2019.
Federal Reserve Chairman Richard Clarida said last weekend that global economic growth could slow down, adding that something would be relevant to the outlook for the US economy.
In a statement to Fox Business, Robert Kaplan, chairman of the Federal Reserve in Dallas, said he saw a slowdown in economic growth in China and Europe.
Also scheduled to speak later today the President of the Federal Reserve in New York State.