USD Fluctuated Among Its Peers On Uncertainty
.DXY
The USD fluctuated against most major currencies Monday as uncertainties about the timing of interest rate hike continues to weigh on investors sentiment.
New York Federal Reserve President William Dudley said on Monday the Fed remains on track for a likely rate hike this year.
In Thursday’s speech at the University of Massachusetts, US Fed Chairwoman Janet Yellen said she anticipated a rate hike in the coming months.
On the economic front, the US Commerce Department on Monday said US personal income in August increased 0.3% and personal consumption expenditures rose 0.4%
The better-than-expected increase in consumer spending in August added to the case for an interest rate hike this year.
In late New York trading, the EUR gained to 1.1234 dollars from 1.1196 dollars of the prior session, and the GBP decreased to 1.5178 dollars from 1.5190 dollars. The Aussie (AUD) went down to 0.6990 dollars from 0.7019 dollars.
The USD bought 119.81 JPY, lower than 120.62 Yen of the previous session. The USD moved down to 0.9747 Swiss francs from 0.9799 Swiss francs, and it moved up to 1.3386 Loonies (CAD) from 1.3330 Canadian dollars.
Stay tuned…
HeffX-LTN
Paul Ebeling
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