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3/2 session, USD to its lowest since 10/2015 against the euro, wiping rise against the yen in the previous session due to speculation the Federal Reserve to raise interest rates to slow down.
The euro rose more than 2% against the dollar to 1.1200, the highest since 22/10 while the greenback was down 2% against the yen to near 2-week low at 117.055, wiping what was achieved on Friday 29 / 1 after the Bank of Japan (BOJ) unexpected negative interest rates.
According to analysts, the price of USD under pressure after the Fed chairman's comments in New York William Dudley that financial conditions have tightened significantly since the Fed decided to raise interest rates in May 12/2015, if the situation this continues, policy makers will have to consider when the next meeting in March. This in turn makes the market speculation the Fed rate reduction will raise interest rates at a meeting in March next policy.
Meanwhile, oil prices have supported recovery coins commodity-producing countries such as the New Zealand dollar, Canadian dollar and Australian dollar.
The euro rose more than 2% against the dollar to 1.1200, the highest since 22/10 while the greenback was down 2% against the yen to near 2-week low at 117.055, wiping what was achieved on Friday 29 / 1 after the Bank of Japan (BOJ) unexpected negative interest rates.
According to analysts, the price of USD under pressure after the Fed chairman's comments in New York William Dudley that financial conditions have tightened significantly since the Fed decided to raise interest rates in May 12/2015, if the situation this continues, policy makers will have to consider when the next meeting in March. This in turn makes the market speculation the Fed rate reduction will raise interest rates at a meeting in March next policy.
Meanwhile, oil prices have supported recovery coins commodity-producing countries such as the New Zealand dollar, Canadian dollar and Australian dollar.
