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Showing posts with the label Currencies Report on April

FX | Currencies Report on April , Wednesday 10, 2019 | Dollar index remains softer after FOMC minutes

David Reid 2-3 minutes Japanese yen John Phillips | Digital Editor for The dollar held modestly lower against a basket of currencies on Wednesday as records on the Federal Reserve’s March 19-20 meeting showed policy-makers debated about the central bank’s bond holdings and agreed on leaving interest rates alone. At 2:45 p.m., an index that tracks the greenback against the euro, yen, sterling and three other currencies was 0.07% lower at 96.94. The euro fell on Wednesday as European Central Bank President Mario Draghi underscored the risks facing the euro zone economy, reinforcing bets on possible further stimulus to prevent the region from slipping into recession. “The essence of Draghi’s message is ‘We are willing to look at all options, but we are not there yet’,” said Boris Schlossberg, managing director of BK Asset Management in New York. “Incoming data continue to be weak, especially for the manufacturing