Dollar bounces off multi-month lows, Fed decision ahead
Dollar bounces off multi-month lows, Fed decision ahead
Dollar bounces off multi-month lows, Fed decision ahead

Investing.com - The dollar bounced off nearly three-month lows against other major currencies on Wednesday, as investors turned their attention to the Federal Reserve’s policy decision due late

13 Oca 2017 12:00
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Investing.com - The dollar bounced off nearly three-month lows against other major currencies on Wednesday, as investors turned their attention to the Federal Reserve’s policy decision due later in the day.

EUR/USD slipped 0.12% to 1.0785, off Tuesday’s seven-week highs of 1.0814.

The greenback had tumbled on Tuesday, after Donald Trump’s top trade adviser accused Germany of currency exploitation, saying it is using a “grossly undervalued” euro to exploit the U.S. and its trading partners.

In separate remarks, President Trump criticized Japan and China, saying they devalued their currencies to the disadvantage of the U.S.

The remarks indicated that the dollar exchange rate could have a prominent role to play in Trump's 'America First' agenda.

The single currency showed little reaction to a report on Friday showing that German manufacturing growth accelerated to its fastest pace in three years in January.

Elsewhere, GBP/USD added 0.17% to trade at 1.2602.

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