Visitors Now:
Total Visits:
Total Stories:
Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Dollar Remains Under Pressure Post-Fed, though the Yen Stabilizes

Thursday, September 22, 2016 4:58
% of readers think this story is Fact. Add your two cents.

(Before It's News)

B4INREMOTE-aHR0cHM6Ly80LmJwLmJsb2dzcG90LmNvbS8tRWNwMHRmQ2p5SGMvVi1PWDJjX2lRdEkvQUFBQUFBQUFWc0EvOFBDQnBUUXF5MEF5SFMwd3o2WHlRTXBsc0NUN19GR093Q0xjQi9zNDAwL2tpdHR5LmpwZw==

marctomarket.com / by Marc Chandler / September 22, 2016

The US dollar has lost another 0.5% against most of the major currencies today, as Asia and Europe respond to the Fed’s decision.  There are few exceptions to this generalization.  The Norwegian krone has gained nearly three times as much, with the help of its central bank, which has played down for lower rates at today’s meeting.  The euro is at its lowest level against Nokkie since the end of last year.
Another notable exception is the Japanese yen.  It appears to be stabilizing at lower levels.  The dollar had seen a high yesterday near JPY102.80 and a low in Asia today just above JPY100.  It is recovering in the European morning and is approaching JPY101.
The New Zealand dollar is a third exception.  The currency has seen some profit-taking after the RBNZ also left rates on hold, but signaled its easing cycle is not complete.
The Federal Reserve’s decision to stand pat was the most complicated in years.  The case for a hike had strengthened, Yellen said, but still the consensus to hike was not there.  Three regional Fed presidents dissented, the most in a couple of years.  In the dot plots, three (of 17) did not see a hike this year.  Many suspect that at two of those came from Governors Brainard and Tarullo.  The idea is that they may have dissented to a rate hike, and at the end of the day, Yellen chose to keep the Board of Governors united.

READ MORE

The post Dollar Remains Under Pressure Post-Fed, though the Yen Stabilizes appeared first on Silver For The People.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.