Dollar Edges Higher; Central Bank Meetings in Focus – The US dollar index edged higher Tuesday, but remained near recent lows after last week’s frail jobs report, while attention turns to a number of central bank meetings during the week.

Telegram FX Signals

At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, gained 0.2% to 92.215, rebounding a touch after falling to a one-month low of 91.941 on Friday.

USD/JPY rose 0.1% to 109.92, EUR/USD fell 0.1% to 1.1865, just off last week’s high of 1.1909, while GBP/USD dropped 0.1% to 1.3824, after British house price growth slowed to 7.1% in August from 7.6% in July, the weakest reading in five months, according to mortgage lender Halifax. Prices still rose a surprisingly strong 0.7% on the month.

Live Forex News

Monday’s U.S. holiday limited activity in the foreign exchange markets, after the latest U.S. jobs report disappointed, suggesting the U.S. Federal Reserve is likely to delay any dialing down of monetary stimulus until November at least.

Signals in FX

The central bank said earlier Tuesday that it will purchase government bonds at a pace of A$4 billion ($3 billion) a week, down from A$5 billion previously. However, it will do this until at least mid-February, after originally planning to review the program in mid-November.

Next is the Bank of Canada, which will make its policy decisions on Wednesday. The Canadian dollar remains near its highest level in about three weeks, supported by belief that it will be reluctant to put off tightening policy despite the wave of Delta-variant Covid-19.

Poland’s central bank is also due to meet on Wednesday, amid rising expectations for interest-rate increases. Inflation recently hit 5%, equaling its highest level in two decades.

Finally, on Friday, Russia’s central bank meets just a couple of weeks after annual inflation hit a five-year high. It raised its benchmark policy rate by 100 bps to 6.5% at its July meeting, and is expected to hike again.

Dollar Edges Higher; Central Bank Meetings in Focus

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!

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. 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 Edges Lower Ahead

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.Forex Signals Telegram SignalsWith 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. Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms.

Dollar Edges Higher; Central Bank Meetings in Focus

The Dollar Up, Fed Meeting Minutes

See Dollar Edges Lower amid Fed Meeting

Live Dollar dips ahead of Fed meeting

New Dollar EUR Loonie in Focus