Forex News

The dollar had a day of losses versus most of 16 main traders before the Fed will publish its monetary policies decisions tomorrow, as investors expect a rather dovish tone in policy makers’ statements.

The greenback had its worse session in more than a week as speculations suggest that interest rates to be published tomorrow in the United States by the Federal Reserve are extremely likely to be maintained at a record low, shunning investors for dollar-priced assets and pushing them towards countries with better return possibilities for their investments.

EUR/USD traded at 1.4843 as of 19:00 GMT from a previous rate of 1.4721 yesterday.

If you want to comment on the U.S. dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Earlier News About the US Dollar:

• U.S. Dollar Rises on Negative Home Sales Report (2009-10-28)
• Dollar Rebounds on Undervalued Speculations (2009-10-26)
• Dollar Gains on Federal Reserve Speculations (2009-10-23)
• Dollar Down from Record High on Chinese Economic Concerns (2009-10-22)
• Dollar Rebounds on Undervaluing Speculations (2009-10-17)

This entry was posted on Wednesday, November 4th, 2009 at 9:03 pm and is filed under US Dollar. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.