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Currencies: the $ is strengthening, no apprehension before the Fed.

28/01/2021
Source : CercleFinance.com.
Categories: Economy/Forex

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The Dollar regained the ground lost the day before, and even a little more with +0.35% to 1.2120/E), +0.5% against the Yen (to 104.05) or against the Swiss Franc (+0.2%).

The remuneration of the greenback fell by -3Pts to 1.01%, a few minutes before the publication of the fed press release (FOMC of 26 and 27/01) which should not give rise to crucial announcements: currency traders are counting on the status quo... and formulas leaving the doors open to multiple interpretations (in order not to close any doors, the impact of the Covid pandemic remains too uncertain).

The US figure of the day was not likely to encourage the purchase of the Dollar: orders for durable goods in the United States rose by +0.2%, after a sequential increase of 1.2% in November.

This is a much weaker increase than the consensus had hoped, but the day before, the morale of American households had emerged above expectations.

The Dollar accelerates against the Canadian Dollar: +0.55% towards 1.2750.

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