Highest US dollar before food decision

Canbera (DPA -AFX) – The US dollar advanced against its main counterparts in the New York session on Wednesday, before the Federal Reserve monetary policy announcement, which is short.

Since the Fed is almost universally expected to leave rates without changes, merchants will seek the attached statement, as well as the latest projections of officials for the clues about the perspectives for the rates.

The CME Group Fedwatch tool is currently indicating a probability of 99.0 percent that the Fed once again leaves interest rates without changes.

The Fedwatch tool currently suggests that the Fed is likely to leave rates without changes again in its next meeting in early May, but the possibilities of increasing rates in June and July.

At the most recent Fed meeting at the end of January, the Central Bank left the rates without changes after the rates reduced in a total of 100 basic points or 1.0 percentage points over the previous three meetings, starting with a cut of 50 basic points last September.

The Back Green rose to a maximum of 2 days of 1,0872 against the euro and a maximum of 2 weeks of 150.14 against the YEN. The currency is prepared to challenge the resistance around 1.03 in front of the euro and 151.00 against the YEN.

The Greenback exceeded 0.8809 against Franc and 1,2954 against Libra. Back Green can face resistance around 0.92 against Franc and 1.24 against Libra.

The Back Green touched 0.6321 against the Australian, 0.5776 against the Kiwi and 1,4337 against the Loonie, establishing maximum 2 days. The currency is seen by resistance around 0.61 against the Australian, 0.56 against the Kiwi and 1.46 against the Loonie.