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The dollar, still before the Fed meetings and the deadline of tariffs

The dollar, still before the Fed meetings and the deadline of tariffs


The dollar remains unchanged on Tuesday before the central bank meetings and before the impending deadline for tariffs at the end of this week.

The dollar index , which follows the evolution of this currency with respect to a basket of six other major currencies, barely registers variations and stands at 97,610 at 6:30 am (CET).

The focus is this week on monetary policy meetings of the United States Federal Reserve and the European Central Bank. While neither central bank is expected to announce significant changes in its monetary policy, traders will pay attention to the signs of whether there will be more relaxation measures next year.

On the US-American trade front, investors are waiting to see if Washington is moving forward with the expected tariff hike on December 15 on Chinese products.

Bloomberg has reported that US Secretary of Agriculture Sonny Perdue has said it is unlikely that Washington will impose more tariffs on China’s exports on December 15.

“The end of the deadline of December 15 is coming for the next batch of tariffs, I don’t think they will be implemented and I think that some step could be taken back,” Perdue said, according to Bloomberg.

The EUR / USD pair barely registers variations and stands at the level of 1.1065, while the GBP / USD pair rises 0.1% to 1.3151.

The AUD / USD and NZD / USD pairs both earn 0.2%.

The USD / JPY pair points up 0.1% to the 108.62 level.

The USD / CNY pair barely registers variations and stands at 7.0382, little affected by data that have indicated that China’s production price index has fallen 1.4% year-on-year, its fifth consecutive monthly decline, compared to to the expected decrease of 1.5% and the fall of 1.6% in October.

Meanwhile, the November consumer price index rose 4.5% year-on-year, as food prices skyrocketed 19.1% after an outbreak of African swine fever.

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