Dollar Down Before Fed Decision

  November 04th, 2009 at 21:03

US DollarThe 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 have any questions, comments or opinions regarding the US Dollar, feel free to post them using the commentary form below.

1 Comment

  1. Farzand

    Days for the USD are numbered as to being the King in the currency world it is a queston of just time!!

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