Dollar declines after minutes indicate Fed requires more job growth

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix\Reuters
The U.S. Dollar retreated against most of its major counterparts as the Federal Reserve Chairman Ben Bernanke announced that inflation and unemployment rates indicate the U.S. economy still needs very accommodative quantitative easing programme. The greenback fell 1.1% to $1.3116 against the Euro and declined 1% to 98.73 versus the Japanese Yen.
Back to articles

Actual Topics

Thu, 11 Jul 2013 07:46:04 GMT

Bernanke willing to continue QE programme

The Fed's Chairman Bernanke is willing to continue with Quantitative Easing programme, even though the minutes of officials' June meeting indicated that they talked about winding down stimulus. The minutes from last meeting showed that approximately half of the FOMC participants wanted to start tapering by the end of this year.

Wed, 10 Jul 2013 18:40:07 GMT

Dollar Index declines as stocks drop commodities gain

The U.S. Dollar depreciated against six main trading partners as yen strengthens. The U.S. Dollar Index declined 0.5% to 84.16, dropping from yesterday's 3-year high. The S&P gauge decreased 0.2% after fluctuation before the release of the Fed's minutes. The S&P commodity gauge rose for a seventh straight day.

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.