U.S. Dollar Falls As Sentiment Improves After Fed Decision
23 Septembre 2021 - 08:47AM
RTTF2
The U.S. dollar weakened against its major rivals in the
European session on Thursday, as markets responded positively to
the Fed's announcement that the QE tapering could start soon given
progress towards the central bank's goals.
In its latest monetary policy decision on Wednesday, the Fed
indicated that tapering will happen soon, but didn't give any
specific timing.
The Fed said "a moderation in the pace of asset purchases may
soon be warranted" and signaled an earlier rate hike after its
conclusion.
Concerns about property developer China Evergrande reduced
somewhat after it had settled a coupon payment on 5.8% September
2025 bond due today.
But its interest payments on $83.5 million in offshore bonds has
not been resolved.
The greenback dropped to 1.3680 against the pound, 1.1733
against the euro and 0.9229 against the franc, off its early highs
of 1.3610 and 1.1684 and a 2-day high of 0.9274, respectively. The
greenback is poised to find support around 1.40 against the pound,
1.20 against the euro and 0.90 against the franc.
The greenback hit 6-day lows of 1.2650 against the loonie and
0.7058 against the kiwi, down from its prior high of 1.2796 and
near a 4-week high of 0.6982, respectively. On the downside, 1.22
and 0.72 are possibly seen as its next support levels against the
loonie and the kiwi, respectively.
The greenback edged down to 0.7290 against the aussie, from an
Asian session's high of 0.7223. Next key support for the greenback
is likely seen around the 0.75 region.
The greenback pulled back from a 3-day high of 110.00 against
the yen, with the pair trading at 109.73. The greenback may locate
support around the 108.00 level
Looking ahead, the Bank of England's monetary policy
announcement is due at 7:00 am ET. The Monetary Policy Committee is
widely expected to hold the key rate at a record low of 0.10
percent and the quantitative easing programme at GBP 895
billion.
Canada retail sales for July and and U.S. weekly jobless claims
for the week ended September 18 will be released in the New York
session.
Euro vs Sterling (FX:EURGBP)
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Euro vs Sterling (FX:EURGBP)
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De Mar 2023 à Mar 2024