US dollar stronger on upcoming Fed meeting

Posted 25 September, 2018

The US dollar has somewhat changed during the Asian trading, especially in the pairs with the euro and yen. The players are reportedly focused on the US Federal Reserve meeting to end this Wednesday.

It is mostly expected that the regulator may raise the rate by 0.25% after the September meeting.

The ICE US dollar index added some 0.03% today.

The sterling-to-US dollar rate stayed at $1.3106 this morning ($1.3120 earlier). The euro rose to $1.1755 against the greenback, compared to $1.1748 recorded at the end of the yesterday's trading. At the same time, the US dollar improved vs the Japanese yen to 112.92. The previous session was closed at 112.802. For reference, the euro-to-yen rate was recorded at 132.70 today (132.52 a day before).

Washington and Beijing launched new mutual import tariffs on Monday as the parties still cannot come to terms unwilling to step back in the talks.

According to Mario Draghi, the core inflation in the euro-area will expand driven by the higher pace of salary increase. He also commented that the euro-area keeps showing large-scale economic upturn with stable capacity utilization rates and a stronger labour market.

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25 September, 2018 12:13

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24 September, 2018 18:00

Prices for digital coins down on Monday →

Cryptocurrencies started the week with a decline. Bitcoin price is no longer at the peak, especially considering the recent study concerning no impact on crypto prices from Teather company. Bitcoin on the Bitfinex changed hands at $6,614, while Ethereum on this exchange was quoted at $234.46. Prices for XRP and Litecoin decreased to some $0.52900 and $58.280 respectively.

Prices for digital coins down on Monday
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