Despite more hawkish Fed, only US dollar bounce

The Federal Reserve has said that after the possibility of inflation going up this year, the US dollar recently withdrew its recent fall, but with the monetary tightening expected, the traders are waiting to see if the upcoming figures More greenback will give relief than a brief.

The US dollar, which has remained close to the lowest level of three years after the worst monthly performance since mid-2016, increased Asian trade before leaving those benefits.

Traders have said that for the non-agricultural payroll numbers to be done at the end of this week, as well as for other economic indicators, the US should be strong to help push the United States more.

American currency has struggled this year because with the strong monetary tightening in other parts of the world, with strong global economic growth, investors are encouraged to exchange their money further, and especially in the euro area elsewhere We do. 

Against a basket of currencies, the US dollar was flat on day 89.082. At the beginning of this week, it touched a fresh three-year low of 88.438

The US dollar also dropped its profit against the euro and dropped 0.1% because single currency once again traded at US $ 1.24 US $ 1.24275.

ING analysts said, "When the knee response has been a high dollar, we expect the positive impact on the dollar to be erased soon."

Not only is there a fair price already there, but synchronized economic recovery somewhere else is still a lot more American political uncertainty ... It is unlikely that the power of dollar all night could change into a trend.

There was a 3.5% increase in the euro during January, during which it was the highest level of three years above US $ 1.25, the possibility of the European Central Bank is going to normalize monetary policy this year.

Last month's underlying euro zone inflation has increased this momentum after the momentum has been increased.

Traders are awaiting European manufacturing survey data, as well as comments by European Central Bank chief economist, later on due to delays on Thursday.

The US dollar had grabbed its benefits against the yen, it increased from 0.3% to 109.56 yen, which fell from the lower level of four months of 108.28 on Friday.

US currency fell 3.1% against Yen in January, the number of factors, including worries about US trade protectionism and reflective speculation, increased, the Bank of Japan was getting ready to exit its easy monetary policy.

The head of Asia-Pacific sales for Saxo Markets in Singapore, Logical Horchini said, "The dollar / yen is still in a consolidation phase, which is still faster in the dollar boom.