Forex — Dollar Holds steady Against Other currencies





The US dollar was steady on Monday.

Investing.com — of The dollar against other currencies on Monday, as investors watched, who could be the next Federal Reserve chair.

The speculation continues, who’s US President, Donald Trump choose as the next leader of the Fed, with Fed Governor Jerome Powell and the Stanford University economist John Taylor, the leading candidate. The greenback was strengthened, because both candidates thought, more radical than the current Fed Chairman, Janet Yellen. Trump is expected to announce his decision in front of the 3. November.

The euro continued to fall, in the midst of the Spanish political uncertainty, since the Central government said it would trigger, article 155 and impose a direct rule over the Catalonia government. EUR/USD was down 0.32% to 1.1745.

The pound was down after the Deputy Governor of the Bank of England’s Jon Cunliffe said the timing of a rate hike from the bank, «is an open question.» GBP/USD fell 0.03% to 1.3101.

The yen, with USD/JPY up to 0.158% at 113.70, after Japanese Prime Minister Shinzo Abe, the election won by a landslide.

Meanwhile, the Australian dollar was lower, with AUD/USD falling 0.14% to 0.7808, and the new Zealand dollar rises, NZD/USD up 0.06% on 0.6964.

The Canadian dollar fell after wholesale sales, an indicator for consumer spending rose less than expected in August. USD/CAD advanced 0.13% to trade 1.2645.

The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.24% to 93.79 at 11:11 AM ET (4:11 PM GMT).



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