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LONDON (Reuters) - The U.S. dollar edged higher on Wednesday as investors moved to the sidelines ahead of a U.S. Federal...
29/04/2021

LONDON (Reuters) - The U.S. dollar edged higher on Wednesday as investors moved to the sidelines ahead of a U.S. Federal Reserve policy statement and a speech by Joe Biden later in the day where the U.S. president is set to announce more stimulus plans.

Though the greenback recovered from a one-month low hit earlier this week, investors expect the U.S. central bank to maintain its policy settings and Fed Chairman Jerome Powell is seen as likely to repeat his dovish message.

The dollar was down on Thursday morning in Asia, as the U.S. Federal Reserve’s stubbornly dovish monetary policy in its ...
29/04/2021

The dollar was down on Thursday morning in Asia, as the U.S. Federal Reserve’s stubbornly dovish monetary policy in its latest policy decision green-lighted the global reflation trade.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.08% to 90.520 by 1:17 PM ET (5:17 AM GMT). The index wallowed near a nine-week low and continued to move further away from the rally peak of 93.439 recorded at the end of March 2021.

The Pound to Australian Dollar (GBP/AUD) exchange rate benefited at the first quarter Australian inflation rate failed t...
29/04/2021

The Pound to Australian Dollar (GBP/AUD) exchange rate benefited at the first quarter Australian inflation rate failed to pick up as far as forecast.

While investors had expected to see the inflation rate rise to 1.4% it instead clocked in at 1.1%, showing a smaller increase than anticipated.

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