Later today, Lael Brainard, one of the policymakers at the Federal Reserve, is expected to make remarks. As a result of speculation over what he might say, the US dollar is trading mixed today.
Greenback is mixed against its major counterparts today, thanks in large part to traders who are in wait and see mode. Federal Reserve policymaker Lael Brainard is expected to make a speech today, just before the blackout period imposed on policymakers ahead of the next FOMC meeting, set for September 20 and 21.
Speculation about when the Federal Reserve will raise interest rates, and the impact economic data is likely to have on the decision, is rife right now. As a result, the US dollar is having trouble finding a direction today. The greenback is up against the Canadian dollar and euro, but falling against the UK pound and the Japanese yen.
Until Forex traders hear Brainard’s speech, there isn’t likely to be huge movement.
At 15:42 GMT US dollar index is down to 95.240 from the open at 95.295. EUR/USD is lower, dropping down to 1.1228 from the open at 1.1236. GBP/USD is up to 1.3315 from the open at 1.3269. USD/CAD is up to 1.3076 from the open at 1.3047. USD/JPY is down to 102.31 from the open at 102.58.
If you have any questions, comments or opinions regarding the US Dollar,
feel free to post them using the commentary form below.
