U.S. dollar edges down ahead of Fed meeting
Written by tokyoclub on June 15, 2021
NEW YORK, June 14 (Xinhua) — The U.S. dollar inched lower in late trading on Monday as market participants awaited a key meeting from the Federal Reserve
The dollar index, which measures the greenback against six major peers, slipped 0.03 percent at 90.5231.
In late New York trading, the euro was up to 1.2117 U.S. dollars from 1.2103 dollars in the previous session, and the British pound increased to 1.4108 dollars from 1.4107 U.S. dollars in the previous session. The Australian dollar rose to 0.7708 U.S. dollar from 0.7702 dollar.
The U.S. dollar bought 110.09 Japanese yen, higher than 109.71 Japanese yen of the previous session. The U.S. dollar increased to 0.9000 Swiss franc from 0.8989 Swiss franc, and it decreased to 1.2145 Canadian dollars from 1.2167 Canadian dollars.
Traders will look to the Fed’s two-day policy meeting slated from Tuesday to Wednesday. Fed Chairman Jerome Powell will speak to the press after the central bank issues its statement on Wednesday afternoon.