empty
 
 

2023.11.2920:25:00UTC+00U.S. Dollar Showing Modest Move Back To The Upside

After trending lower over the past few days, the value of the U.S. dollar has moved modestly higher over the course of trading on Wednesday.

The U.S. dollar index has fluctuated over the course of the day but is currently up 0.10 points or 0.1 percent at 102.84. The uptick comes after the index fell to its lowest levels in over three months.

The greenback is trading at 147.29 yen compared to the 147.48 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is trading at $1.0974 compared to yesterday's $1.0993.

Trading activity has remained relatively subdued as traders look ahead to the release of key U.S. inflation readings on Thursday.

The Commerce Department's report on personal income and spending includes readings on inflation said to be preferred by the Fed and could impact on the outlook for interest rates.

Traders are also digesting recent conflicting remarks by Federal Reserve officials, as Fed Governor Christopher Waller said Tuesday he is "increasingly confident that policy is currently well positioned," but Fed Governor Michelle W. Bowman said she expects further rate hikes will be needed.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback