Dollar Climbs Ahead of Fed Decision - Market Talk
January 29 2020 - 10:34AM
Dow Jones News
10:04 ET - The US dollar is broadly stronger ahead of the
Federal Reserve's afternoon interest-rate decision--gaining against
the euro, the Swiss franc and many emerging-market currencies,
while holding steady against the Japanese yen. Though the Fed is
expected to keep interest rates unchanged, some analysts think it
could open the door to future rate cuts, which could potentially
make the dollar less attractive to yield-seeking investors. The WSJ
Dollar Index was recently up 0.2% at 90.97.
(sam.goldfarb@wsj.com)
(END) Dow Jones Newswires
January 29, 2020 10:19 ET (15:19 GMT)
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