empty
20.03.2019 10:34 AM
The dollar rises to most currencies on Wednesday

Today, the value of the dollar rises in pairs with the rates of major world currencies in anticipation of the outcome of the meeting of the US Federal Reserve System (FRS). According to experts, the change in rates by the American regulator during this meeting should not happen, and all attention will be focused on the final statement, as well as on the comments of US Central Bank Governor Jerome Powell. Market participants expect the Federal Reserve to announce its plans for a program to reduce assets on the Central Bank's balance sheet, which is scheduled later this year.

According to experts, the Fed may signal a longer suspension of rate normalization but still does not rule out one increase before the end of 2019.

The pound sterling is declining today. Earlier this week, Speaker of the House of Commons, John Bercow, excluded the holding of a regular vote on Britain's withdrawal from the European Union if Theresa May, the country's prime minister, does not make changes to the proposal for Brexit terms. Michel Barnier, the main negotiator with the European Union for Brexit, declared on the eve that any delay in the "Euro-Divorce" process would lead to political and economic costs for the EU, and urged London to present a clear plan.

This image is no longer relevant

Today, during the operation to protect its currency, which falls in tandem with the dollar, Hong Kong was once again forced to resort to interventions in the foreign exchange market. The Hong Kong Monetary Authority (NKMA) bought out 604 million Hong Kong dollars amid a depreciation of the currency to 7.85 Hong Kong dollars per US dollar. During March, NKMA spent 8 billion Hong Kong dollars to protect the national currency.

The dollar index, which tracks the dynamics of the US dollar against six major world currencies, rose 0.1%.

By 06:12 London time, EURUSD slipped to $ 1.1349. The USDJPY pair rose by 0.13%, reaching 111.54 yen. The EURJPY pair rose 0.12% to 126.62 yen.

This image is no longer relevant

This image is no longer relevant

The national currency rate of Britain sank in pair with the dollar by 0.09%, to 1.3556 dollars. The EURGBP pair decreased by 0.07%, to 1.1680.

The dollar rises in price by 0.2% paired with the national currency of Australia and by 0.3% with the New Zealand dollar.

Svetlana Doronina,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

US Market News Digest for May 20

Despite the downgrade of the US credit rating and rising Treasury yields, retail investors remain active buyers of equities. Net purchases have surged to a record $4 billion, signaling confidence

Ekaterina Kiseleva 12:16 2025-05-20 UTC+2

Market Gains Modestly: Dow +0.32%, Nasdaq +0.02%, but Novavax Soars After Vaccine Approval

Dow Up 0.32%, S&P 500 Up 0.09%, Nasdaq Up 0.02% TXNM Energy Rises After Blackstone Deal Novavax Jumps After FDA Approval of Coronavirus Vaccine European Stocks Rise Slightly, as Utilities

Thomas Frank 11:18 2025-05-20 UTC+2

Bitcoin: What to Expect This Week. BTC Hits $107,000 – Can the Record Hold?

The leading cryptocurrency is fighting to maintain its position, even though it's not always smooth sailing. Currently, BTC is out in front, slightly simplifying the task of holding higher ground

Larisa Kolesnikova 00:40 2025-05-20 UTC+2

US consumption losing steam

In the upcoming week, Wall Street's attention will be focused on earnings reports from the largest US retail chains — crucial indicators of how changing trade conditions are impacting

13:30 2025-05-19 UTC+2

US Market News Digest for May 19

Despite encouraging statements about progress in trade negotiations and high-level diplomatic visits, forecasts for the S&P 500 remain restrained. Analysts point to the index's lack of growth compared

Ekaterina Kiseleva 12:20 2025-05-19 UTC+2

The American consumer is slowing down: What Target, Lowe's and Walmart are saying

Wall Street will be focused on earnings reports from the largest US retailers this week to gauge how changing trade conditions are affecting the economy and whether the recent stock

Thomas Frank 10:35 2025-05-19 UTC+2

US Market News Digest for May 16

Shares of Micron Technology are extending their steady rally, bolstered by encouraging technical signals. Investors are eyeing price targets at 117.34 and 137.12, making the stock attractive in both

Ekaterina Kiseleva 13:20 2025-05-16 UTC+2

STOXX 600 storms the peaks: where is the growth heading and what awaits investors

Cisco rises after raising its forecasts for the financial year UnitedHealth falls on the news that it faces a criminal investigation European STOXX 600 index is set for a fifth

Thomas Frank 11:22 2025-05-16 UTC+2

USD: Weak on the Surface – Strong at the Core. The Game Isn't Over, the Dollar Prepares an Unexpected Move

A new phase is beginning in the currency market, where economic fundamentals and geopolitical strategy shape the U.S. dollar's exchange rate. The U.S. administration is subtly considering the idea

Anna Zotova 00:39 2025-05-16 UTC+2

Stock market rollercoaster: AMD soars, American Eagle falls, investors are confused

Indices mixed: Dow down 0.21%, S&P 500 up 0.10%, Nasdaq up 0.72% European stocks fall after four sessions of gains American Eagle Outfitters falls after withdrawing fiscal year guidance

Thomas Frank 12:59 2025-05-15 UTC+2
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.