US dollar edges lower as traders await Fed rate cut decision
New throughout, updates headline and prices, adds analyst comment
By Chibuike Oguh
NEW YORK, Sept 18 (Reuters) -The U.S. dollar edged lower against major currencies on Wednesday, giving up some of its overnight gains, as traders braced for the Federal Reserve's much-anticipated decision to cut interest rates.
The U.S. central bank is expected to deliver its first interest rate cut in more than four years at 1800 GMT, with markets pricing a 61% probability of a 50 basis point cut and 39% chance of a 25 basis point cut. FEDWATCH
Chair Jerome Powell will hold a press conference shortly after the announcement.
"What we've seen so far this week, just looking at the dollar index is that it fell on Monday, it rose by less on Tuesday, and now it's falling by less so far today," said Matthew Weller, global head of research at StoneX Retail in Grand Rapids, Michigan.
"That's sort of the classic pre-key event risk type of pattern when traders aren't feeling too strongly about committing in either direction."
Against the Japanese yen JPY=EBS, the dollar weakened 0.46% to 141.75 after reaching as high as 142.405 in Asia hours. The Bank of Japan will decide on interest rates on Friday.
The euro EUR=EBS strengthened 0.20% against the greenback to $1.11380. The dollar was also down 0.4% against the Swiss franc CHF=EBS to 0.844.
The dollar index =USD, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.18% to 100.73.
China's markets resumed trade on Wednesday after the mid-autumn festival break, with the yuan CNY=CFXS down 0.4% at 7.0824 per dollar in offshore trading.
Sterling GBP=D3, the best performing G10 currency of the year, gained at $1.32540, with its rally being driven by signs of a steadying UK economy and sticky inflation.
British inflation stood at an annual rate of 2.2% in August, unchanged from July. The Bank of England is expected to leave rates unchanged on Thursday.
"We'll likely see a bit of a divergence between the central banks, with the Bank of England now less likely to cut interest rates at all and the Fed very likely to cut," Weller added.
Currency bid prices at 18 September 02:01 p.m. GMT | |||||||
Description | RIC | Last | U.S. Close Previous Session | Pct Change | YTD Pct | High Bid | Low Bid |
Dollar index | =USD | 100.74 | 100.91 | -0.16% | -0.62% | 100.91 | 100.69 |
Euro/Dollar | EUR=EBS | 1.1134 | 1.1115 | 0.16% | 0.86% | $1.114 | $1.1114 |
Dollar/Yen | JPY=D3 | 141.76 | 142.42 | -0.46% | 0.51% | 142.28 | 141.25 |
Euro/Yen | EURJPY= | 1.1134 | 158.24 | -0.27% | 1.41% | 158.26 | 157.06 |
Dollar/Swiss | CHF=EBS | 0.844 | 0.8472 | -0.35% | 0.31% | 0.8467 | 0.8424 |
Sterling/Dollar | GBP=D3 | 1.3236 | 1.3163 | 0.56% | 4.02% | $1.3254 | $1.3157 |
Dollar/Canadian | CAD=D3 | 1.3587 | 1.3599 | -0.07% | 2.51% | 1.3597 | 1.3577 |
Aussie/Dollar | AUD=D3 | 0.6777 | 0.6756 | 0.33% | -0.59% | $0.6789 | $0.675 |
Euro/Swiss | EURCHF= | 0.9397 | 0.9414 | -0.18% | 1.2% | 0.9416 | 0.9382 |
Euro/Sterling | EURGBP= | 0.841 | 0.8444 | -0.4% | -2.98% | 0.8453 | 0.8405 |
NZ Dollar/Dollar | NZD=D3 | 0.622 | 0.6187 | 0.56% | -1.54% | $0.6232 | 0.6184 |
Dollar/Norway | NOK= | 10.5653 | 10.5945 | -0.28% | 4.24% | 10.6202 | 10.5583 |
Euro/Norway | EURNOK= | 11.7638 | 11.7919 | -0.24% | 4.81% | 11.8138 | 11.7552 |
Dollar/Sweden | SEK= | 10.1835 | 10.189 | -0.05% | 1.16% | 10.1987 | 10.16 |
Euro/Sweden | EURSEK= | 11.337 | 11.3237 | 0.12% | 1.9% | 11.345 | 11.307 |
World FX rates https://tmsnrt.rs/2RBWI5E
Reporting by Chibuike Oguh in New York; additional reporting by Tom Westbrook and Linda Pasquini; Editing by Mark Potter
Aset Terkait
Berita Terbaru
Pengungkapan: Entitas XM Group menyediakan layanan khusus eksekusi dan akses ke Fasilitas Trading Online kami, yang memungkinkan Anda untuk melihat dan/atau menggunakan konten yang tersedia pada atau melalui situs, yang tidak untuk mengubah atau memperluas, serta tidak mengubah atau memperluas hal tersebut. Akses dan penggunaan ini selalu sesuai dengan: (i) Syarat dan Ketentuan; (ii) Peringatan Risiko; dan (iii) Pengungkapan Penuh. Oleh karena itu, konten disediakan hanya sebagai informasi umum. Anda juga harus ketahui bahwa konten Fasilitas Trading Online kami bukan sebagai ajakan atau tawaran untuk untuk melakukan transaksi apa pun di pasar finansial. Trading di pasar finansial mana pun melibatkan tingkat risiko yang signifikan pada modal Anda.
Semua materi yang diterbitkan di Fasilitas Trading Online kami hanya untuk tujuan edukasi/informasi dan tidak boleh mengandung nasihat dan rekomendasi finansial, pajak investasi atau trading, catatan harga trading kami, penawaran, permintaan, transaksi dalam instrumen finansial apa pun atau promo finansial untuk Anda yang tidak diminta.
Konten pihak ketiga apa pun, serta konten yang disiapkan oleh XM, seperti opini, berita, riset, analisis, harga, informasi lain atau link ke situs pihak ketiga yang tersedia "sebagaimana adanya", sebagai komentar pasar umum dan bukan menjadi nasihat investasi. Sejauh konten apa pun ditafsirkan sebagai penelitian investasi, Anda harus memperhatikan dan menerima bahwa konten tersebut tidak dimaksudkan dan belum disiapkan sesuai dengan persyaratan hukum yang dirancang untuk mempromosikan kemandirian riset investasi dan dengan demikian akan dianggap sebagai komunikasi pemasaran di bawah hukum dan peraturan yang relevan. Mohon dipastikan bahwa Anda telah membaca dan memahami Notifikasi pada Riset Investasi Non-Independen dan Peringatan Risiko kami mengenai informasi di atas, yang dapat diakses disini.