The Committee the fed left the benchmark interest rate at a record low of 0-0. 25%. In the beginning of the day the dollar index was down by 0.02% to 97,61 points.
MOSCOW, 29 Oct. The dollar fluctuates marginally against most world currencies, while remaining in the region of the maximum marks for the last two months, after the fed did not rule out the possibility of a base rate increase in December, according to AFP.
As at 07.59 GMT the dollar index (the dollar against a basket of currencies of six major U.S. trading partners) decreased by 0.02% to 97,61 points. The Minister also said that he grew up to 97,69 item. The Euro-dollar exchange rate has grown up to 1,0926 with 1,0925 dollar dollar per Euro on Wednesday. The dollar against the yen fell to 120,72 yen per dollar with 121,09 yen per dollar at the previous closing.
The open market Committee of the U.S. Federal reserve on Wednesday, as expected, kept the rate at a record low of 0-0. 25%. While the regulator did not rule out a possible rate hike at the next meeting in December of the current year, that will depend on employment and inflation.
“The rhetoric of the fed regarding the possibility of tightening monetary policy in December was much sharper than before. Now the dollar looks quite strong”, — quotes Bloomberg words of the chief market strategist at Westpac Banking Corp. Imre Speiser (Imre Speizer).