The dollar against a basket of currencies of six countries fell to 94,85 paragraph on the background of the minutes of the meeting of the Federal reserve system of the USA.
MOSCOW, 9 Oct. American currency during the trades Friday continues to demonstrate negative dynamics on the background of the minutes of the meeting of the Federal reserve system (FRS) the USA give added investor expectations that the regulator will postpone a rate increase in the country, according to AFP.
As at 19.02 GMT, the dollar index (the dollar against a basket of currencies of six major U.S. trading partners) was down 0.47% to 94,85 item. The dollar against the yen rose to 120,32 yen per dollar with 119,93 yen per dollar at the previous closing. The Euro-dollar exchange rate rose up to 1,1368 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.
According to members of the Committee, the latest economic developments in the world and in the financial markets can constrain economic activity in the country due to the strengthening of the American currency. In addition, the negative effects of the economic slowdown in China and emerging markets may also put pressure on the economy, said the fed.
The minutes of the meeting of the financial regulator have increased investor expectations that the fed will be forced to delay raising rates until 2016. According to a senior economist at the U.S. Bank of Tokyo-Mitsubishi UFJ Ltd. Hiroshi Kurihara (Kurihara Hiroshi), while the inflation rate in the United States will not reach the target level, the fed will find it difficult to raise rates, writes Bloomberg.