The US dollar drove up against the Euro and yen after the US Federal Reserve raised interest rates to 0.25 percent from zero, for the first time in nearly a decade. The latest statement of the FOMC this year also showed a decrease in its estimate for the increase in the benchmark interest rate, and this policy be the injection of energy for the US currency.
The US dollar rose 0.2 percent against the euro, with EUR / USD was bought at the price of 1.0908 in this morning's trading session, plunged by 40 pips at the beginning of the Asian trading session. USD / JPY rose 0.5 percent 122.26 penetrating position, towards the highest level since December 8. Meanwhile, the dollar index version of the Wall Street Journal observed numbers rose 0.2 percent to 90.10. USD / CAD jumped to a high level of 1.3845, the latest figures decline Loonie against the Greenback in addition to increasing the supply of oil that suppress the price of oil as the mainstay of Canada.
The US dollar and Fed Rate Increase Plan Next
The Fed signaled to mengetakatkan policy into a positive tone for the Dollar. "It is quite positive for the dollar," said Brad Betchel, managing director of currency sales and trading at Jefferies LLC quoted by WSJ.
The higher the planned increase in the federal funds rate for 2016, then the higher the likelihood semain dollar will gain acquisition. Meanwhile, the slower the policy tightening next year, then it is likely to make the US dollar weakened.
Higher US interest rates make the dollar more attractive because the returns to assets terdenominasi the greenback pushed higher. However, the Fed has said that the policy interest rate depends on economic data and rising interest rates was likely to be made gradually. In addition, global growth is also a concern of the Fed. Jebloknya commodity prices and developing economies will also be a concern of the Fed to raise interest rates in a few weeks or a few months.
According to the analysis of Pares Upadhyaya, Director of Forex Trading at Pioneer Investments, in general for 2016 economic factors will be positive for the US dollar. "Divergence of monetary policy and interest rate will be the prime mover dollar," said Upadhyaya.
The US dollar rose 0.2 percent against the euro, with EUR / USD was bought at the price of 1.0908 in this morning's trading session, plunged by 40 pips at the beginning of the Asian trading session. USD / JPY rose 0.5 percent 122.26 penetrating position, towards the highest level since December 8. Meanwhile, the dollar index version of the Wall Street Journal observed numbers rose 0.2 percent to 90.10. USD / CAD jumped to a high level of 1.3845, the latest figures decline Loonie against the Greenback in addition to increasing the supply of oil that suppress the price of oil as the mainstay of Canada.
The US dollar and Fed Rate Increase Plan Next
The Fed signaled to mengetakatkan policy into a positive tone for the Dollar. "It is quite positive for the dollar," said Brad Betchel, managing director of currency sales and trading at Jefferies LLC quoted by WSJ.
The higher the planned increase in the federal funds rate for 2016, then the higher the likelihood semain dollar will gain acquisition. Meanwhile, the slower the policy tightening next year, then it is likely to make the US dollar weakened.
Higher US interest rates make the dollar more attractive because the returns to assets terdenominasi the greenback pushed higher. However, the Fed has said that the policy interest rate depends on economic data and rising interest rates was likely to be made gradually. In addition, global growth is also a concern of the Fed. Jebloknya commodity prices and developing economies will also be a concern of the Fed to raise interest rates in a few weeks or a few months.
According to the analysis of Pares Upadhyaya, Director of Forex Trading at Pioneer Investments, in general for 2016 economic factors will be positive for the US dollar. "Divergence of monetary policy and interest rate will be the prime mover dollar," said Upadhyaya.
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