Sat, 21 May 2022

U.S. dollar ticks up ahead of Fed decision

26 Jan 2022, 08:18 GMT+10

NEW YORK, Jan. 25 (Xinhua) -- The U.S. dollar edged up in late trading on Tuesday one day ahead of Fed's announcement on the latest monetary policy.

The dollar index, which measures the greenback against six major peers, picked up 0.04 percent to 95.9510.

The U.S. dollar is trading in much improved ranges ahead of tomorrow's big Fed policy decision announcement and press conference, said a research note by foreign exchange and international payment solutions provider Tempus, Inc. on Tuesday.

In late New York trading, the euro decreased to 1.1296 U.S. dollars from 1.1321 dollars in the previous session, and the British pound firmed up to 1.3518 dollars from 1.3481 U.S. dollars in the previous session. The Australian dollar increased to 0.7170 U.S. dollar from 0.7130 dollar.

The U.S. dollar bought 113.91 Japanese yen, higher than 113.82 Japanese yen of the previous session. The U.S. dollar moved up to 0.9196 Swiss franc from 0.9145 Swiss franc, but it decreased to 1.2609 Canadian dollars from 1.2647 Canadian dollars.

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