The US dollar is consolidating above a 4-month low just ahead of the Fed's record The US dollar...
The US dollar is consolidating above a 4-month low just ahead of the Fed's record
The US dollar rose on Wednesday against a basket of world currencies on the verge of achieving the first gain in the past six days, rising above a four-month low as the US currency sold
pending the release of important economic data from the US, , Which is expected to provide new evidence for the cycle of raising US interest rates during the current year.
The dollar index rose 0.2% at 12.20 GMT to trade at 91.77 points, the opening level at 91.55 points, the highest at 91.81 and the lowest level at 91.53.
The US dollar rose on Wednesday against a basket of world currencies on the verge of achieving the first gain in the past six days, rising above a four-month low as the US currency sold
pending the release of important economic data from the US, , Which is expected to provide new evidence for the cycle of raising US interest rates during the current year.
The dollar index rose 0.2% at 12.20 GMT to trade at 91.77 points, the opening level at 91.55 points, the highest at 91.81 and the lowest level at 91.53.
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| the US dollar is consolidating above a 4-month low just ahead of the Fed's record |
The index ended 0.5% lower yesterday, the fifth
consecutive daily loss, to a four-month low of 91.46 as the US currency continues to sell against most of the world's currencies.
Over the course of 2017, the US dollar index fell 10.2%, recording the first annual loss since 2012, the biggest annual loss since 2003, with the acceleration of the settlement of huge buying centers, for profit, especially after the US currency early in the year the highest level In 14 years against a basket of world currencies.
The US currency has also suffered some negative pressure as a result of political tensions inside and outside the United States, linked to the scandal involving Russia's intervention in the US presidential election, the relationship between the Russian government and US President Donald Trump's election campaign and the external tensions with North Korea.
Despite the strength of US economic growth this year, this strength was not enough to support the US currency, due to weak levels of inflation in the country, and continued concerns of US monetary policy makers about the weakness of inflation and its impact on the future of raising interest rates in 2018.
Investors are looking for significant US economic data from the manufacturing sector last month, indicating the growth of the world's largest economy in the fourth quarter of last year.The ISI index is expected to rise 58.4 points in December from 58.7 in November.
By 19:00 GMT, the minutes of the last meeting of the Federal Reserve, held on December 12-13, led to an increase in US interest rates by three points in 2017 to 1.5%. The record is expected to provide new evidence of a rise in US interest rates in 2018.
Over the course of 2017, the US dollar index fell 10.2%, recording the first annual loss since 2012, the biggest annual loss since 2003, with the acceleration of the settlement of huge buying centers, for profit, especially after the US currency early in the year the highest level In 14 years against a basket of world currencies.
The US currency has also suffered some negative pressure as a result of political tensions inside and outside the United States, linked to the scandal involving Russia's intervention in the US presidential election, the relationship between the Russian government and US President Donald Trump's election campaign and the external tensions with North Korea.
Despite the strength of US economic growth this year, this strength was not enough to support the US currency, due to weak levels of inflation in the country, and continued concerns of US monetary policy makers about the weakness of inflation and its impact on the future of raising interest rates in 2018.
Investors are looking for significant US economic data from the manufacturing sector last month, indicating the growth of the world's largest economy in the fourth quarter of last year.The ISI index is expected to rise 58.4 points in December from 58.7 in November.
By 19:00 GMT, the minutes of the last meeting of the Federal Reserve, held on December 12-13, led to an increase in US interest rates by three points in 2017 to 1.5%. The record is expected to provide new evidence of a rise in US interest rates in 2018.
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