The Dollar is falling as the US Central Bank is awaiting
14:26 - 19/12/2018
Information / Baghdad ..
The dollar slipped on Wednesday, as investors bet the Federal Reserve will hint at plans to slow the rate hike at the end of its meeting today.
There is widespread speculation that the US central bank will raise interest rates for the fourth time since the beginning of this year, but policymakers are also expected to be cautious about raising interest rates in the future because of concerns about slowing global growth.
Both the yen and the Swiss franc, both safe haven currencies, rose after Tuesday's oil prices tumbled, echoing pessimistic forecasts for the global economy.
The yen and the franc rose slightly more than 0.1 percent against the dollar as the yen traded at 112.33 to the dollar and the Swiss franc at 0.9916, adding three straight days of gains.
The dollar index was down 0.3 percent at 96.77, close to a one-week low as losses continued for a second day.
The euro rose to a one-week high of $ 1.1405, up 0.3 percent. The euro has seen a rare rise in the past three sessions as the greenback has stalled due to lower yields and risks related to monetary policy.
The same reasons gave AUD and NZD a gain of 0.2 percent to $ 0.7195 and $ 0.6864, respectively.
The euro also received support from news that Italy reached an agreement with the European Commission on its controversial budget for next year, signaling the end of weeks of sparring that hit the financial markets. Ending / 25