Forex Signals Dollar hovers at highs in Signals
Forex Signals Dollar hovers at highs in Signals – Live Forex Signals Group FxPremiere sees the movement of the Dollar as the dollar continued to hover at month highs versus other major currencies, with investors waiting for Federal Reserve’s latest meeting amid mounting hopes for a 2016.
EUR/USD dropped 0.26% to 1.1033, the lowest since July 26th 2016
Forex Market Market players were awaiting the Fed’s Sept policy meeting for ideas on the central banks policy of future moves.
GBP/USD climbed 0.81% to 1.2226 after Theresa May British MP forced away to MP’s over influences that Parliament has over her Brexits plan.
The U.S. dollar index, which measures the greenback’s strength versus trade weighted major currencies, was up 0.15% at a seven month high of 97.86.
The U.S. dollar was almost unchanged against its Canadian counterpart on Wednesday, as growing expectations for U.S. rate hike before the end of the year continued to boost the greenback, while a decline in oil prices weighed on the the Canadian currency.
USD/CAD hit 1.3285 during early U.S. trading session where the pair consolidated at 1.3270.
Demand for the dollar stayed supported.
OPEC was set to hold talks to try to resolve the details of an agreement to cap production for at least several months as Russia borrowed its support for the plan in the Forex Market – Forex Signals.
Russian President Vladimir Putin quoted that his country was prepared to join an oil deal for freezing or cutting.
The United States dollar edged up to fresh nine month highs vs other majors as investors awaited Fed Reserve’s latest meetings.