The dollar extends losses against majors ahead of FOMC meeting


(MENAFN– ecpulse)

The U.S dollar extended its series of losses against most of major currencies, where investors are awaiting the FOMC meeting results which will determine the markets’ status during the upcoming period and will direct investors’ decisions.

Moreover, the dollar is currently moving near its monthly loss against most of major currencies, where the Federal Reserve Bank’s meeting is expected to show the timing of curbing the bond buying in the U.S.

The greenback fell against the union currency during today’s Asian session for the second straight day, and the EUR/USD pair recorded a low of 1.3265 and a high of 1.32673, while the pair started today’s session at 1.32648.

the dollar also fell against the Japanese yen for the second straight day, where the USD/JPY pair recorded a low of 97.838 after hitting a high of 98.097.

On the other hand, the Aussie and the Kiwi noticeably slid versus their American counterpart to a record today, where the AUD/USD pair recorded a low of 0.90115 from high of 0.90701, while the NZD/USD pair recorded fell to 0.79478 from a high of 0.79931.

 


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.