FOREX TradingCharts.com

Forex News: U.S. Dollar Advances As Investors Await Fed Meeting

U.S. Dollar Advances As Investors Await Fed Meeting

01/30/2024 - 08:53:00 (RTTNews)

(RTTNews) - The U.S. dollar climbed against its major counterparts in the European session on Monday, as investors awaited the U.S. Federal Reserve's policy meeting for clues on the timing of interest rate cuts.

Markets widely expect the Fed to keep rates unchanged at the end of the two-day meeting on Wednesday.

Fed Chairman Jerome Powell's comments will be watched for hints about the policy path.

U.S. reports on home prices, consumer confidence and job openings are due later in the day.

The Labour Department's closely watched monthly jobs report is due to be released later this week along with reports on initial jobless claims, labor productivity and costs and manufacturing activity.

The greenback advanced to 0.8639 against the franc and 1.0811 against the euro, off its early lows of 0.8606 and 1.0848, respectively. The currency is poised to find resistance around 0.90 against the franc and 1.06 against the euro.

The greenback strengthened to 0.6123 against kiwi and 0.6592 against aussie, from an early 6-day low of 0.6149 and a 2-week low of 0.6624, respectively. The greenback may find resistance around 0.60 against the kiwi and 0.64 against the aussie.

The greenback rose to 1.2671 against the pound, from an early 4-day low of 1.2721. The currency is likely to locate resistance around the 1.24 level.

In contrast, the greenback depreciated to a fresh 2-week low of 1.3398 against the loonie. If the greenback falls further, it is likely to test support around the 1.29 region.

The greenback eased to 147.20 against the yen. This may be compared to a previous 5-day low of 147.15. The currency is seen finding support around the 144.00 level.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Canadian Dollar Trades Lower Against Most Majors (12 hr(s), 25 min(s), 25 sec(s) ago)
(RTTNews) - The Canadian dollar traded lower against its most major counterparts in the European s ...Full Story»

Yen Falls Against Majors (18 hr(s), 55 min(s), 25 sec(s) ago)
(RTTNews) - The Japanese yen weakened against other major currencies in the European session on We ...Full Story»

NZ Dollar Strengthens After Dairy Prices Slightly Lift (20 hr(s), 25 min(s), 25 sec(s) ago)
(RTTNews) - The New Zealand dollar strengthened against other major currencies in the Asian sessio ...Full Story»

NZ Dollar Rises Against Majors (22 hr(s), 22 min(s), 25 sec(s) ago)
(RTTNews) - The New Zealand dollar strengthened against other major currencies in the Asian sessio ...Full Story»

U.S. Dollar Seeing Modest Weakness Ahead Of Fed Minutes (06 hr(s), 25 min(s), 25 sec(s) ago)
(RTTNews) - After edging lower during trading on Monday, the U.S. dollar has shown another modest ...Full Story»

Canadian Dollar Falls As Inflation Slows (12 hr(s), 07 min(s), 25 sec(s) ago)
(RTTNews) - The Canadian dollar dropped against its major counterparts in the European session on ...Full Story»

Euro Advances As Eurozone Wage Growth Slows (13 hr(s), 43 min(s), 24 sec(s) ago)
(RTTNews) - The euro climbed against its major counterparts in the European session on Tuesday, af ...Full Story»

Yen Falls Against Majors (19 hr(s), 40 min(s), 25 sec(s) ago)
(RTTNews) - The Japanese yen weakened against other major currencies in the pre-European session o ...Full Story»

Search

FOREX NEWS

Canadian Dollar Trades Lower Against Most Majors

02/21/2024 - 10:16 AM (RTTNews)
(RTTNews) - The Canadian dollar traded lower against its most major counterparts in the European s ...Full Story>>

Yen Falls Against Majors

02/21/2024 - 03:45 AM (RTTNews)
(RTTNews) - The Japanese yen weakened against other major currencies in the European session on We ...Full Story>>

NZ Dollar Strengthens After Dairy Prices Slightly Lift

02/21/2024 - 02:16 AM (RTTNews)
(RTTNews) - The New Zealand dollar strengthened against other major currencies in the Asian sessio ...Full Story>>

NZ Dollar Rises Against Majors

02/21/2024 - 00:20 AM (RTTNews)
(RTTNews) - The New Zealand dollar strengthened against other major currencies in the Asian sessio ...Full Story>>

U.S. Dollar Seeing Modest Weakness Ahead Of Fed Minutes

02/20/2024 - 16:17 PM (RTTNews)
(RTTNews) - After edging lower during trading on Monday, the U.S. dollar has shown another modest ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.