The dollar fell against the Euro and the yen in anticipation of the fed’s decisions


Moscow. October 26. The US dollar the Euro and the yen decreases in the course of trading on Monday on expectations of decisions of the Federal reserve system (FRS), reports Bloomberg.

The expected volatility of the yen paired with the Euro rose to its highest in six weeks ahead of the BOJ meeting, which will significantly soften the wording after the European Central Bank (ECB) to stop the rise of the Japanese national currency. Last week the ECB President Mario Draghi practically promised to expand the stimulus program in December.

In an October 15 Bloomberg survey of 36 economists said that the Japanese Central Bank will announce further easing monetary policy at a meeting on October 30.

Meanwhile, 27-28 October there will be a fed meeting, where leaders of the U.S. Central Bank will return to the discussion of the prospects of higher interest rates. Earlier in October, managing the Federal reserve system Daniel Tarullo declared that does not consider the increased cost of lending this year is appropriate. However, a number of his colleagues noted that the rate increase to late 2015 is still possible, if the US economy would remain stable.

The single European currency by 9:00 Moscow time on October 26 cost $1,1035 compared to $1,1018 at the end of the session in new York last Friday.

The dollar index Bloomoberg stable on Monday after seven sessions of continuous growth, the longest rally since the end of January.