The main event of today is the Federal Reserve meeting. The market expects the Fed to announce an acceleration in the pace of tapering of quantitative easing – the process by which central banks inject money into their economies by buying back government bonds. GMT US dollarĪt the time of writing, the US Dollar Index ( DXY) was at 96.43, down 0.1% on the day. Forex daily matrix – 15 December 2021įorex daily matrix as of 15 December 2021, 10.30 a.m. The South African rand ( ZAR) is down 0.6% after losing 0.4% yesterday, while the Turkish lira ( TRY) slipped almost 2% after plunging more than 4% yesterday. USD/NOK edged slightly down to 9.0964 (-0.09%)Įmerging market currencies continued to lose ground as traders hedged their risks ahead of the Federal Reserve meeting.
USD/JPY was broadly unchanged at 113.76 (+0.04%)Īmong risk-sensitive currencies, the Australian dollar (AUD) recovered from yesterday’s losses, supported by higher coal prices, while the oil-related Norwegian krone (NOK) weakened strongly yesterday on the back of lower Brent prices and tighter Covid restrictions in the country.The DXY index, which tracks the US dollar against a basket of six major currencies, is slightly down (-0.1%) at 96.43, following a rebound session yesterday that ended at 96.51. Inflation climbed to 5.1% in November, the highest level since September 2011, increasing pressure on the Bank of England’s interest rate decision due tomorrow. The British pound (GBP) outperformed its G5 peers this morning, boosted by a higher-than-expected consumer prices index in the UK. Forex markets were quiet in European morning trading, as investors awaited a key Fed meeting which might order an acceleration in the tapering of the bond purchase programme.
0 kommentar(er)
