Dollar eases on uncertainty over BOJ, Fed policy - News Summed Up

Dollar eases on uncertainty over BOJ, Fed policy


The dollar eased from a session high of 103.34 yen touched in early trading and was last up just 0.05% against the Japanese currency at 102.58 yen. Analysts said uncertainty about the next development from the Fed prevented traders from making bullish bets on the greenback. Traders expect just a 15% chance that the Fed will hike rates next week, according to CME Group's FedWatch program. The New Zealand dollar was last 0.5% higher against the dollar at US$0.7291 after hitting a more than one-week low of US$0.7235 Tuesday. The dollar index, which measures the greenback against a basket of six major rivals, was last down 0.20% at 95.441.


Source: The Edge Markets September 14, 2016 15:11 UTC



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