The US currency was much more stable in the Forex market, after the last meetings where the Federal Reserve of the United States, also known as FED, were known, it remained so between the months of January and February.
The US dollar fell against the Japanese Yen and the USD-JPY, its Forex crossing that was falling 0.74% against the most important currency of the Asian continent, while everyone was waiting to know the content of the meeting.
The body chaired by Janet Yellen held its last meeting on the policy of the currency, it was the first time since the inauguration of Donald Trump as an elected president of the United States, deciding to keep the interest rates at an estimated range between 0.5% and 0.75%.
The proceedings presented at FED revealed that there will be another rise in interest rates in the United States very soon, this is because most of the executive body foresees only a modest risk of inflation that are significantly increasing.
These records show that there are many members who said it would be appropriate to raise the types of economy if they continue down this path, just as several agency officials had previously stated.
The members of the Federal Open Market Committee (FOMC) agreed that there is greater uncertainty about the effects of possible changes in tax policies and other governments, but that short-term risks to the economic outlook appear to be fairly balanced.
Several members judged the risks to a decrease in the unemployment rate which is quite high, particularly if economy grows more than expected. The US dollar fell against most Forex crosses and the indexes of the country recorded a mixed closure after the contents of the FED were known.
Industrial Dow Jones recorded a new highest in its history, with an increase of 0.16% to 20,775 points, achieving his third record in the last four days. The dollar pressured the Euro in the last 5 weeks and the EUR-USD, Forex crossing, the level of $ 1.05 was against a rise that was already showing in the American currency against major world currencies.
In other ways, the stock exchanges of the European continent started the session climbing, with many advances in the main squares and the Frankfurt DAX 30 again attacking the psychological level of 12,000 points.
Still, despite what is mentioned before, the dollar managed to remain even more stable against the major crossings after the market opening in Europe, thus yielding a slight 0.08% against the Yen, which was more than recovered and advancing 0.10% against the common currency.