
Dollar Drifts Higher; Next Week’s Fed
FxPremiere.com – Telegram Signals – The dollar drifted higher Thursday, with traders keeping their powder dry ahead of next week’s Federal Reserve meeting, looking for indications on when the central bank will start withdrawing its monetary stimulus.
Signal FX
At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 92.612.
The index has been stuck in a trading range between the two-week high of 92.887 seen at the start of the week and Tuesday’s one-week low of 92.321 after a softer-than-expected inflation report.
USD/JPY traded flat at 109.36, while EUR/USD dropped 0.2% to 1.1795, not helped by weak car registration numbers for August. GBP/USD fell 0.2% to 1.3812, while the risk sensitive AUD/USD fell 0.3% to 0.7310, despite the country’s jobless rate unexpectedly falling to 4.5%.
The foreign exchange market is now focusing squarely on the Federal Open Market Committee’s two-day policy meeting next week, expecting it to provide some clarity on the outlook for both tapering and eventual interest rate hikes.
FX Signals
Additionally, the number of individuals who filed for unemployment insurance for the first time in the U.S. is also seen rising to 330,000 for the week ending Sept. 11 from 310,000 for the week before.
Elsewhere, NZD/USD rose 0.1% to 0.7110, after data released earlier Thursday showed the economy grew at a much faster pace than expected, with gross domestic product accelerating to 2.8% in the second quarter.
This strong growth cemented the view that the country’s central bank will start lifting interest rates in the near future, having shelved a rate hike last month in response to an outbreak of Covid-19 that triggered a harsh lockdown from the government.
Dollar Drifts Higher; Next Week’s Fed
Dollar Drifts Higher; Next Week’s Fed
Forex Signals Learning Guides, to help you get started with trading. Grow your Learning knowledge on the capital markets. URL FxPremiere.com was Founded in 2010. Since then has grown with over 23,000 live subscribers globally. Daily Trading Alerts are sent by our VPS Networks worldwide via Telegram. Subscribe to our Signals and start receiving Forex Day Trading Signals from the very next trade! Forex Signals Learning Guides below with guide you with every trade you make! Dollar dips ahead of Fed meeting
- The fundamental forex strategies
- The technical forex strategies
- The popular forex strategies
- In the forex strategies articles
FxPremiere Group has helped over 5,000 Forex Affiliates earn up to $800 CPA on referrals and has grown immense revenue streams for online affiliates. U.S. dollar on track for second week
Trading Forex has never been easy. The World of Forex Trading is growing day by day and its crucial to keep up to date with trends and market analysis. Here at FxPremiere Group we keep you updated with the Compare Forex Brokers charting system, as well as sending you Direct Forex Signals by our Telegram Services globally daily. Dollar Drifts Lower; Stimulus and Vaccine
FX Signals
The most traded pairs of currencies in the world are called the Majors.EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD, Gold, Oil and many many more… Forex Trading comes with it high risk. We help by referring only the very best forex brokers available in the marketplace. Your in safe hands with our partners.With our free forex learning guides you will be able to educate yourselves with the most up to date forex basics required in order to enter the Capital Markets. FxPremiere.com Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms. Dollar Edges Lower amid Fed Meeting
Dollar Drifts Higher; Next Week’s Fed
About The Author: Forex Signals
Telegram Forex Signals FX including Opening Forex Accounts. Subscribe now for major pairs Forex Trading Signals Today by FxPremiere Telegram Forex Signals FX
More posts by Forex Signals