In addition to the Fed, the The European Central Bank, the Bank of Japan, the Bank of England, the Swiss National Bank and the Norges Bank, among others, will make monetary policy decisions in the coming days.
The euro fell, because it is seen as vulnerable to a rate hike in the United States due to expectations that the Fed will adjust its monetary policy more quickly than the more moderate ECB.
The dollar index, which measures the performance of the greenback against a basket of six currencies, gained 0.2% to 96,297 units. The euro lost 0.2% to $ 1.1291. Against the yen, meanwhile, the dollar added 0.1% to 113.49 yen.
“The market has discounted that the Fed will conclude the gradual reduction of bond purchases in the first quarter and expects it to put a rate hike firmly on the table in the early summer (boreal).”said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.
The British pound lost 0.4% to $ 1.3216 after British Prime Minister Boris Johnson said on Sunday that The UK faces a “tide” of cases of the omicron variant. On Monday he claimed that at least one person died in the UK due to the latest variant.
Bitcoin fell to a two-week low of $ 45,750, then fell 7.2% to $ 46,500, after hitting the $ 50,000 level on Sunday. El Ether, the currency associated with the Ethereum blockchain network, it tumbled 9.8% to $ 3,747.
Source From: Ambito
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