InstaForex InstaForex

Prime News

Euro, Sterling Rise as Dollar Weakens

Euro, Sterling Rise as Dollar Weakens

On Thursday, a basket of major currencies strengthened against the dollar as the U.S. currency continued to weaken in Asian trading after the release of the minutes of the September Federal Reserve policy meeting.

Following a subdued currency trading on Thursday, the found rose 0.3 percent to $1.325, while the euro advanced 0.1 percent to $1.187.

Meanwhile, the Korean won and the China's renminbi both rose 0.1 percent at 1,133.40 won and Rmb6.5734 respectively. The Japanese yen declined 0.1 percent to 112.48.

The dollar index fell by 0.2 percent, following a 0.4 percent decline in the previous day that came in the wake of its worst performance in a month that was seen on Tuesday.

The decline in the greenback comes as a dovish tone from the U.S. Federal Reserve overnight affect investors' sentiment. Minutes from the policy meeting on September 20 revealed policymakers voicing worries that the low inflation observed in the economy was not temporary.

Markets will now pivot their attention on speeches ECB President Mario Draghi and Fed officials, Jerome Powell and Lael Brainard.

Recommend: Prime News
Gold Prices Rise as Dollar Drops on Tax Bill Jitters
15 Dec 2017, 06:41 UTC+00   
Views today: 1412 
Eurozone Businesses to Begin 2018 Near Seven-Year Peak
15 Dec 2017, 03:44 UTC+00   
Views today: 1365 
European Markets Lower as Investors Priced in Central Banking...
15 Dec 2017, 01:35 UTC+00   
Views today: 1364 
US Stocks Decline as Worries About Tax Bill Persist
15 Dec 2017, 02:29 UTC+00   
Views today: 1362 
ECB Stands Pat on Policy, Raises Economic Growth Estimates
15 Dec 2017, 03:14 UTC+00   
Views today: 1361 

All Prime news

Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
from InstaForex
on every deposit
Earn up to
for inviting friends to get StartUp Bonus from InstaForex
No investments required!