Dollar Weakens Amid Debate on Fed Rate Increase Timing
Todays news comes from Bloomberg regarding the US Dollar.
The dollar weakened, pushing a gauge of its strength down from a four-year high, amid debate as to how soon the Federal Reserve will raise interest rates after a report last week showed jobs gains beat economists’ forecasts.
The greenback depreciated versus the majority of higher-yielding currencies, falling the most against the South African rand and Mexican peso. The yen strengthened from near its weakest since 2008 ahead of the Bank of Japan’s policy decision tomorrow. The euro advanced against the U.S. currency, three days after touching a two-year low, even as German data showed factory orders declined the most since 2009 in August.
To read full article please click on the link below.
If you would like to join our mailing list or if you are a trader or would like to learn to trade and would like to spend a complimentary day with us at Forex Trading Floors in Brentwood please click on the link for contact details.