By CHIBUIKE OGUH and GRETA Rosen Fondahn
New York (Reuters) -The investors have been stiff on the major currency on Wednesday, as investors have been waiting for monetary policy decisions for the federal preparation system and this year's interest rate trajectory.
The Fed is widely expected to stabilize interest rates at the end of the first policy conference this year on Wednesday. Fed Chair Jerome Powell will hold a press conference later. The market has completely set a price reduction of 25 points from the Fed this year, but do not expect the first relaxation until June.
Dollar and other major currencies are exposed to pressure, as investors have compared the effects of President Donald Trump's expected tariff policies.
“Look at the noise. I'm going to get a duel heading, denial, etc., but the lower line is a tariff, which is margind -positive. That is, “the New York Brown Brothers Hariman & CO, a thin, thin, thin, thin, thin, a global responsible person in the currency market.
The dollar was 0.906 with 0.23 % for Swiss Franc. Dollars decreased by 0.29 % to 155.07 in Japanese yen.
The dollar index to measure the green back to baskets for currency, including circles and euro, has risen 0.03 % to 107.95.
The index touches the lowest value of 106.96 on Monday in a global sale of technology inventory, and has been in a hurry to safe stock currency such as Japanese yen and Switzerland, but the index since the US election. Is rising more than 4 %. November.
“The basic driver I really played last year was a difference in policy and a US economic out performance. It keeps on hold the Fed.
KAROLINE LEAVITT, a White House spokeswoman, plans to keep the promise of issuing tariffs on Canada and Mexico on Tuesday and Saturday, but not in detail.
The Canadian Bank warns the Canadian Bank of Wednesday to 3 % to 25 BPS, and warns Canadians that the tariff wars caused by the United States could cause significant economic damage.
The Canadian doll has weakened 0.32 % to 1.44 cover per dollar. Mexico pesos weakened 0.05 % to the $ 20.579.
According to data from the European Central Bank, bank loans to companies in the Euro region have been picked up last month, indicating that rapid interest rates have begun to flow into the real economy. The euro decreased by 0.07 % to $ 1.0421, and Sterling decreased by 0.04 % to $ 1.2438.
