From the minutes of the October meeting of the fed that the rate of increase in the base rate will be gradual. In the end the dollar on Thursday, dropping against major world currencies.
MOSCOW, 19 Nov. The dollar on Thursday, dropping against major world currencies after the data of the protocols of the October meeting of the U.S. Federal reserve, which show that the rate of increase in the base rate will be very slow, according to AFP.
As at 08.18 GMT the dollar index (the dollar against a basket of currencies of six major U.S. trading partners) fell by 0.38% to 99,17 item. The dollar exchange rate to yen has fallen to 123,28 yen per dollar with 123,64 yen per dollar at the previous closing. The Euro-dollar exchange rate has grown up to 1,0705 with 1,0660 dollar dollar per Euro a day earlier.
The main influence on investor sentiment have an October meeting minutes by the fed, from which it follows that the rate of increase in the base rate will be gradual.
“The Federal reserve successfully convinces investors that a rate increase will be very slow, and it will have less support to the dollar, particularly against riskier currencies that will benefit from the easing of monetary policy in other parts of the world”, — quotes Agency Bloomberg opinion of strategist Citigroup Inc. Todd Elmer (Elmer Todd).