Dollar rises ahead of the deployment of the US central Meeting Minutes
Date: 17/08/2016 12:01
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The dollar strengthened to recover against a basket of currencies on Wednesday after the previous session rebounded from the lowest level in seven weeks against the yen and the euro on the back of two Federal Reserve officials statements (US central bank).
Traders said some weak trading on the dollar that prevailed during the last week were dashed by the head of the New York Reserve Bank's remarks federal William Dudley and his colleague, head of the Bank of Atlanta Dennis Lockhart that careful where it probably will be on the central bank to raise interest rates in September.
And contradict those statements with a research paper by the President of the Bank of San Francisco Federal Reserve, John Williams was encouraged to sell the dollar on Monday and in the early hours of Tuesday.
And all eyes to the Federal Reserve Meeting Minutes (US central bank) which is scheduled for release on Wednesday to get some clarification on when to raise US interest rates for the second time since the global financial crisis in 2008.
In early European trading, the dollar rose 0.2 percent on the day against a basket of currencies used to measure the strength of the US currency on a larger scale after increased about 0.5 percent on Tuesday.
The dollar rose 0.5 percent to 100.81 yen after falling to 99.550 yen in the previous session, its lowest level against the Japanese currency since the period after the UK vote in favor out of membership of the European Union in the twenty-fourth of June.
The euro was down 0.1 percent to $ 1.1261 after rising to $ 1.1323 in overseas trading, which is also the highest level since the twenty-fourth of June.
He lost Ataran Australian and New Zealand 0.3 percent, the first to fall to US $ 0.7672 and the second to US $ 0.7260 after it benefited strongly from the sell-off that followed the US currency last week.
Sterling fell to near the lowest level in three years against the euro before the publication of employment data, wages for the month of June.
Sterling was down 0.1 percent against the euro to 86.55 pence after the highest record in three years at 87.245 pence on Tuesday.
The dollar fell against the pound sterling 0.2 percent to $ 1.3023 after it received support on Tuesday from a slightly higher-than-expected inflation data with higher import prices due to the British currency falling after the vote in favor of Britain out of the EU membership. Finished / 25