The U.S. dollar is still holding strong positions amid market confidence that the U.S. Federal Reserve may raise interest rates at the end of this year. The dollar index, which measures the Greenback's strength against major currencies, erasing a decline which was formed at the beginning of the trading session today with a rise of 0.1 percent to as low as 96,474.
National Holidays In Japan
The Fed funds futures show the percentage increase in the interest rates The Fed in December had a 50-50. The figure is already higher than the interest rate hike chances survey 30 percent diniliai on last week. USD/JPY stabilized at 102.42 yen, a pretty good distance above the low level last week on the position of 100.68 yen, while the Euro dropped 0.1 percent to 1.1077 per u.s. dollar.
"This week a lot of people who were summer vacation in Japan, so the volume is relatively low and there is not a lot of factors moving the market," said Koji Fujikaya, President of FPG Securities Tokyo is interviewed by Reuters.
NZD Awaits RBNZ Policy
On the other hand, the New Zealand dollar was stable despite expectations that the Central Bank of New Zealand (RBNZ) will cut interest rates next Thursday worth 25b became 2 per cent, while its tampakn forex liquidity will thin out because of public holidays in Japan. 24 of the 25 economists Reuters estimates cutting interest rates, even at a quarter to four, the RBNZ could cut flowers until the tribe of 1.75 percent or lower.
Meanwhile, the dollar's gains and remove Australia slip to 0.3 percent by trading at 0.7625 post index numbers business NAB, whereas the NZD/USD traded stable in numbers 0.7133.
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