Dollar falls against other major world currencies

Dollar falls against other major world currencies The value of the US dollar against other major world currencies, such as the euro and the yen, fell on November 18 morning, as markets continue to await signals from the US Federal Reserve System (FRS)
Finance
November 18, 2022 09:44
Dollar falls against other major world currencies

The value of the US dollar against other major world currencies, such as the euro and the yen, fell on November 18 morning, as markets continue to await signals from the US Federal Reserve System (FRS), Report informs referring to the auction data.

The euro against the dollar rises to $1.0367 from the previous close of $1.0360, the dollar against the yen falls to 139.92 yen from 140.18 yen. The dollar index (the exchange rate against a basket of currencies of six US trading partners) is falling by 0.15%, to 106.53 points.

Traders are generally cautious, continuing to assess the prospects around the Fed discount rate. According to CME Group, 81% of analysts predict its increase in December by 0.5 percentage points, up to 4.25-4.5% per annum. At the same time, until recently, the majority was inclined towards a sharper increase by 0.75 percentage points, as was the case at several previous Fed meetings.

In this regard, experts drew attention to the signs of stability in the economy and the labor market as supporting factors, and also noted the susceptibility of the market to negative statistics on the economy and inflation.

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