US dollar stronger ahead of US Fed meeting results

Posted 26 September, 2018

The US dollar has strengthened vs the majors in the mid-week amid anticipation of the interest rate increase by the US Federal Reserve after the regular meeting.

The US Dollar index was recorded at 93.96 today.

The euro-to-US dollar exchange rate decreased to 1.1732. Downard movement was posted by the sterling too. The currency weakened 1.3155 against the greenback. The players stay pessimistic about the Brexit development.

The US dollar-to-yen rate went up to 113.00 (112.74 earlier).

The US Federal Reserve is expected to raise the interest rate by 0.25% this time to 2.25%. As a result, the rate will be revised three times for now.

The market has already included the increase in the current prices, and the players forecast one more increase in December. In this situation, the 2019 monetary policy of the Central Bank will be in the spotlight. Specifically, signs of tighter policy next year may push the greenback up, though the rate will slow down in that case.

It is worth mentioning, that the market stays depressed due to Donald Trump's speech before the General Assembly of the UN. In his message, the US President again mentioned White House's rigid approach regarding the international trade, adding that the USA would no longer suffer wrong in this area.

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