The dollar depreciates against foreign currencies on the minutes of the fed meeting

The dollar depreciates against foreign currencies on the minutes of the fed meeting


The dollar index was down by 0.09% to 95,22 item. The Euro-dollar exchange rate rose up to 1,1284 1,1277 of the dollar from the dollar to the Euro.

MOSCOW, 9 Oct. The dollar in Friday keeps a negative trend against most world currencies, prepare for the worst week in the last four months, in light of the information from the minutes of the September meeting of the Federal reserve system (FRS) the USA, according to AFP.

As at 08.09 GMT the dollar index (the dollar against a basket of currencies of six major U.S. trading partners) fell by 0.09% to 95,22 item. The dollar against the yen rose to 119,99 yen per dollar with 119,93 yen per dollar at the previous closing. The Euro-dollar exchange rate rose up to 1,1284 1,1277 of the dollar from the dollar to the Euro.

According to the FOMC minutes, members of the open market Committee believe that the decision on the first since 2006 the rate increase is necessary so that the level of inflation in the country was close to the target mark of 2%. Another reason for the failure to raise rates at the September meeting was the uncertainty about the state of the global economy.

These findings fed has strengthened investors in opinion that the regulator can delay the start of monetary policy tightening in the US until 2016. “Reduced expectations of a rate hike by the fed makes the dollar vulnerable. And the yen and dollar are under pressure”, — quotes Agency Bloomberg of a word economist at Shinkin Asset Management, yuna Kato (Jun Kato).