The dollar rose against a basket of currencies on Wednesday, January 27th, as markets awaited comments by US Federal Reserve Chairman Jerome Powell, who is likely to renew his commitment to a super-easing policy.<\/p>\n\n\n\n
The dollar compensated for declines against riskier currencies, even as hopes for a pandemic recovery received a boost from the International Monetary Fund raising its forecast for global growth in 2021.<\/p>\n\n\n\n
Treasury yields, which have supported the dollar\u2019s \u200b\u200brise since the start of this year, fell overnight in light of caution about the final size and delays facing a fiscal stimulus plan of about $ 2 trillion proposed by President Joe Biden.<\/p>\n\n\n\n
Powell is due to hold a press conference after the Fed\u2019s two-day monetary policy meeting, which ends Wednesday.<\/p>\n\n\n\n
The dollar index rose 0.1% to 90.2 on Wednesday in Europe, after dropping 0.2% in the previous session.<\/p>\n\n\n\n
The pound rose to its highest level since April 2018, to $1.3753, before dropping slightly in trading.<\/p>\n\n\n\n
The Australian dollar fell 0.2% to 77.3 US cents, to shrink a 0.5% gain on Tuesday. The euro fell 0.1% to $ ]1.2.<\/p>\n\n\n\n
Analysts said that published reports stated that the European Central Bank is studying whether the differences from the US Federal Reserve policy support the euro, as part of a broader review of financing conditions, will not have a tangible impact on the single currency.<\/p>\n","protected":false},"excerpt":{"rendered":"
The dollar rose against a basket of currencies on Wednesday, January 27th, as markets awaited comments by US Federal Reserve Chairman Jerome Powell, who is likely to renew his commitment to a super-easing policy. The dollar compensated for declines against riskier currencies, even as hopes for a pandemic recovery received a boost from the International …<\/p>\n","protected":false},"author":9,"featured_media":32283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,36],"tags":[7211,6877,6928,6882],"class_list":["post-40599","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=40599"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40599\/revisions"}],"predecessor-version":[{"id":40600,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40599\/revisions\/40600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32283"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=40599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}