Forex News

Live Forex news from all over the world.


US Dollar Weak, Anticipating Fed Policy Decision

March 19, 2019 at 22:16 by Vladimir Vyun

A heap of USD notes and a heap of US centsThe US dollar was extremely weak today, waiting for the monetary policy decision of the Federal Reserve. Economic data released on Tuesday in the United States missed market expectations, giving no help to the US currency.

The US Census Bureau reported that factory orders rose 0.1% in January, the same as in December. Markets were expecting a slightly bigger increase by 0.3%.

The Fed started its monetary policy meeting today and will conclude it and announce decision tomorrow.

EUR/USD advanced from 1.1335 to 1.1351 as of 22:03 GMT today, and its daily high was at 1.1361. USD/CHF dropped from 1.0012 to 0.9991.

If you have any questions, comments, or opinions regarding the US Dollar, feel free to post them using the commentary form below.

Leave a Reply