View full page at forexfactory.com

 

Dollar on defensive as Fed verdict looms

From reuters.com

The dollar was on the back foot against the euro and the yen on Wednesday as traders cautiously looked to what the Federal Reserve will do with its stimulus -- a major force that has simultaneously underpinned riskier global assets and restrained the dollar in recent years The dollar's index stood at 80.02 .DXY, having slipped from Monday's high of 80.419, with immediate support seen at the December 11 low of 79.757. Although a steady run of firm U.S. economic data in recent weeks has raised speculation that the Fed could reduce its bond buying at its policy meeting ending on Wednesday, a majority of investors still ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News