After the release of the recent inflation news, there was no change in the dollar after its recent fall.
The Federal interest rate has been rising steadily and it is predicted that the rate will also be increased by the in January as well.
However, today the dollar remained steady against the Euro, but was down when comparing it to the yen. It was found to be 0.4% than its previous trade against the yen.
Also when compared with the Swiss francs, the dollar remained steady at an exchange of 1.3125 francs.
Beyond this, the only other major currencies that the dollar traded higher at were the New Zealand and Australian currencies.
Market analysts had expected more favorable results with the release of the University of Michigan’s consumer sentiment index for December which was higher than average at 91.5.
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