U.S. Dollar Higher As Fed Meeting Nears
19 Septembre 2022 - 10:06AM
RTTF2
The U.S. dollar advanced against its major counterparts during
European deals on Monday, as investors awaited the Federal
Reserve's interest rate decision due this week amid expectations
for another super-sized hike to fight inflation.
The Federal Reserve will announce its interest rate decision on
Wednesday, with investors expecting a 0.75 percentage point rate
hike for the third consecutive meeting.
Apart from the Fed, market participants will focus on central
bank meetings in Japan, U.K. and the Switzerland.
European markets fell on concerns about more aggressive rate
hikes by major central banks and its impact on global growth.
U.S. treasury yields rose, with the benchmark 2-year yield
touching 3.925 percent. Yields move opposite to bond prices.
The greenback touched a 10-day high of 0.9696 against the franc.
The greenback may locate resistance near the 0.98 area.
The greenback was up against the loonie, at nearly a 2-year high
of 1.3324. Next key resistance for the greenback is seen around the
1.35 region.
The greenback edged up to 1.1355 against the pound and 0.9966
against the euro, off its early lows of 1.1442 and 1.0029,
respectively. The greenback is seen finding resistance around 1.11
against the pound and 0.97 against the euro.
The greenback rose to 0.5942 against the kiwi and 0.6672 against
the aussie, up from its previous 4-day lows of 0.6002 and 0.6734,
respectively. The greenback is likely to challenge resistance
around 0.57 against the kiwi and 0.64 against the aussie.
The greenback reversed from an early 5-day low of 142.64 against
the yen and climbed to 143.57. If the greenback climbs further,
145.00 is likely seen as its next resistance level.
Looking ahead, Canada industrial product and raw materials price
indexes for August and U.S. NAHB housing market index for September
will be released in the New York session.
US Dollar vs CAD (FX:USDCAD)
Graphique Historique de la Devise
De Nov 2023 à Déc 2023
US Dollar vs CAD (FX:USDCAD)
Graphique Historique de la Devise
De Déc 2022 à Déc 2023
