dollar strength Ahead of Fed Delivers Latest Policy This Week By Investing.com

© Reuters.

by Gina Lee

Investing.com – The dollar rose on Monday morning in Asia, however, movement remained narrow as several major Asian stock markets closed. and many central banks Including the Federal Reserve (Fed) is set to deliver their latest policy decisions this week.

Earnings against other currencies rose 0.06% to 93.282 by 11:16 PM ET (3:16 AM GMT).

down 0.01% to 109.95

down 0.39% to 0.7237 and down 0.16% to 0.7028.

stable at 6.4662

decreased 0.22% to 1.3712

Chinese and Japanese markets are closed on Monday. Investors are now waiting for the Fed to deliver its latest policy decision on Wednesday. to find clues about the timing of the asset reduction and raise interest rates

“The dollar is rebounding slightly,” Westpac analyst Imre Speizer told Reuters. on expectations that the Fed’s asset cuts are imminent. and fears that global stocks will slow down.

Everyone is waiting for the signal from the Fed. he added

Central banks in , ., , , { {ecl-444||Norway}}, , , , {{ecl-415| |Brazil}}, , and will also deliver policy decisions throughout the week.

BDSwiss’ Marshall Gittler said the “graphing” of forecasts for a 2022 median interest rate hike took only two Fed officials to change their minds.

“So it is quite possible that they shifted from forecasting no rate hikes in 2022 to ‘at least one hike’, if they forecast two hikes in 2023. It could easily become three,” he told Reuters.

The Canadian dollar is likely to fall ahead of the daytime federal elections, with incumbent Prime Minister Justin Trudeau expected to win. but tends to be a minority leader.

Germany will vote in the elections on September 26.

Asia Pacific China’s yuan under international pressure by China Evergrande Will Group (HK:) be able to pay $83.5 million in interest on Thursday? China’s slow economic recovery and the recent tightening of regulations have also increased pressure on the yuan.

heavily depreciated after the dollar strengthened Today it is trading at 33.350 baht per US dollar.

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