27th October 2015
The US dollar is close to its best level in two months ahead of Wednesday’s meeting of the Federal Reserve in Washington.
Investors are hopeful for more guidance on interest rates, though most are not pricing in the possibility of a hike coming immediately.
The greenback was near to its best level in two months versus the euro and yen, thanks in part to the increasing divergence in central bank policy.
Last week saw the European Central Bank signal it’s ready to boost quantitative easing in December, should inflation and growth fail to pick up as demanded.
Meanwhile many investors also think the Bank of Japan may be forced to inject more stimulus into the world’s third-largest economy when it meets later this week.
Last week saw the People’s Bank of China surprise markets with its sixth interest rate cut this year.
The Reserve Bank of New Zealand is also in action this week having reduced its benchmark lending rate at each of its last three meetings.
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