The US dollar remained close to its lowest level against the rest of major currencies in the last hours of the trading week, which saw an important meeting of the Fed. US data released today in helping the dollar recover from its lowest level in five months and did not contribute.
In the currency market, the Euro / USD shedding 0.23% to hit 1.1290.
The dollar has started to decline since Wednesday evening, after he kept the Fed monetary policy unchanged, he is likely to be raising interest rates only twice during 2016, not four times, as the bank was likely in the past.
The bank said in a statement Alasahvi accompanying the decision that the US economy is exposed to risk because of the uncertainty in the global economy, but in spite of that the moderate economic growth in the country, and strong growth in the labor market will allow the bank to raise interest rates this year.
Earlier in the day, the preliminary report issued by the University of Michigan showed that US consumer confidence index fell to 90.0 points this month from 91.7 points last month, which was the opposite of the expectations that were looking forward to increased to 92.2 points.
The USD / JPY shedding 0.11% to trade at 111.51, after the release of the minutes of the Bank of Japan meeting, which showed that the decision-makers had discussed at their meeting two proposals: the first was to increase the size of the stimulus program and the second was to cut interest Gul rates deeper into negative territory levels.
According to the minutes, the Japanese central bank eventually decided to adopt a negative interest rate policy after a number of members of the Bank’s Board defended the idea, saying it will help prevent external factors delay the elimination of “deflationary mentality” in the country.
The dollar also fell against the pound with GBP / USD shedding 0.04% to hit 1.4491, and fell against the Swiss currency as well as with the progress of the dollar / franc by 0.08% to trade at 0.9679.
This fell Oceania currencies against the greenback, with the AUD / USD lower by 0.52% to hit 0.7607 and NZD / USD shedding 0.74% to trade at 0.6798.
Meanwhile USD / CAD recovered and rose 0.14% to trade at 1.2996, after having hit its lowest level in five months on Thursday at 1.2941.
According to the official report issued by Statistics Canada, consumer price index rose in the country increased by 0.2% during the month of February, compared to the previous month, while the markets were expecting the index rising by 0.4%. This was the index rose by 0.2% as well as in the month of January.
On an annual basis, we have consumer price index rose 1.4% in February, which was the lowest Kulailamn expectations that were looking forward to increased by 1.5%, noting that this index had risen 2.0% in January.
The report also showed a rise in the basic consumer price index, which excludes food and energy, rose 0.5% from the previous month, as had been expected. This was the index has risen by 0.3% in January.
On an annual basis, it has the basic consumer price index rose 1.9% in February, which was the lowest Kulailamn expectations that were looking forward to increased by 2.0%, noting that this index had risen by 2.0% as well as in January.
It showed the US dollar index, which measures the dollar’s strength against a basket of six other major currencies, increased by 0.20% to record a reading of 94.97 points during the afternoon hours US time, to remain close to its lowest level in five months, which was recorded during the night of Thursday-Friday at 94.61 .