The US dollar has reduced growth on Tuesday while market participants are awaiting the CB’s next meeting. In the meanwhile, the Japanese yen is dropping amid the victory of the ruling party at Japan’s parliamentary election. The party’s policy is not associated with a smoothing of the monetary policy. Analysts say, the descending trend will last for some more time for the yen.
The single European currency is trading at $1.1763 against yesterday’s value of $1.1749. Also, it has grown to 133.51 yen against yesterday’s value of 133.28. The USD/JPY rate is at 113.52 against yesterday’s value of 113.43.
In the meanwhile, the USD index ICE U.S Dollar, which reflects USD dynamics against 6 major currencies, lost 0.05%, and the WSJ Dollar indicator (USD against 16 global currencies) dropped 0.02%.
A few central banks’ meetings are expected this week. Thus, experts are ready to hear from ECB’s representatives about reducing the assets buyout program whose monthly volumes now amount to 60 billion euro. Meetings of Canada’s and Switzerland’s banks are expected too. Besides, the market is waiting for Trump’s announcement on his candidate for the Fed chair. A publication of preliminary estimates for third-quarter GDP in the USA is worth attention as well.