NEW YORK (Reuters) – The dollar dipped against the euro on Tuesday, a day before the Federal Reserve was expected to cut U.S. interest rates, while sterling dipped as Britain looked likely to go to election in December. FILE PHOTO: U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto, Ontario, Canada June 13, 2018. REUTERS/Chris Helgren Investors will watch the conclusion of the U.S. central bank’s two-day meeting, and the dollar may gain if the Fed indicates reluctance to cut rates more. “We’re looking for a hawkish reaction, which would lean toward a stronger dollar,” said Mark McComick, North American head of FX strategy at TD Securities in Toronto. “Given that markets are looking for the Fed to prop up the economy over the coming months, I think them signaling a little bit of a pause would kind of reinforce some consolidation in the dollar, especially against euro and sterling which have been driven by the Brexit euphoria,” he said. Increasing optimism that Britain will reach a deal to avoid a disorderly exit from the European Union has supported the euro and sterling recently. Still, the pound dipped on Tuesday in choppy… Read full this story
- Trading Forex - FED Rate Decision and Forex
- Understanding Forex Trading
- Buying a Spanish Property - How Do You Finance It?
- Reality of Online Forex Trading
- Who Profits From a Recession?
- Commodities Slide Down, Indices Edge Up
- Currency Update - 5 Trades Correct Last Week, What Does This Week Hold
- The Pet Food Ingredient Game
- From Gypsies, Tramps, and Thieves to Dictators, Gymnasts, and Orphans - Images of Romanians
- Lost Opportunity, Are You Guilty?
Dollar slips against euro before Fed decision; sterling dips have 273 words, post on in.reuters.com at October 29, 2019. This is cached page on Vietnam Dance. If you want remove this page, please contact us.