• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

29 January 2025 09:48  |

Dollar Holds Steady Ahead of Fed Decision

The dollar index remained steady around 107.9 on Wednesday as investors braced for the Federal Reserve’s upcoming policy decision, with the central bank widely expected to leave interest rates unchanged.

Market participants will be closely watching Fed Chair Jerome Powell’s remarks and the central bank’s inflation outlook for hints on the timing of any future rate cuts, especially following President Donald Trump’s call for an immediate reduction in borrowing costs.

Traders are also anticipating the release of the PCE price index report on Friday, the Fed's preferred gauge of inflation.

Meanwhile, the dollar saw some gains on Tuesday after Trump issued new tariff warnings targeting key sectors to encourage domestic production. The February 1 deadline for the first round of tariffs against Mexico, Canada, and China, as previously mentioned by Trump, is also drawing nearer.

Source: Trading Economics

Related News

US DOLLAR

Dollar Closes Best Year Since 2015 With Bullish Bias

The dollar posted a modest decline on the final day of the year, its best in nearly a decade, as long-term options and charts...

31 December 2024 17:05
US DOLLAR

Dollar Index Hits 25-Month High

The dollar index dipped to around 108.3 on Thursday, starting the year on a subdued note following a strong performance in 20...

2 January 2025 17:36
US DOLLAR

Dollar Off Weekend Highs

The U.S. dollar weakened on Friday but remained on track for a strong weekly performance, boosted by expectations of better U...

3 January 2025 18:02
US DOLLAR

Dollar advances near 7-month peak after US inflation data

The U.S. dollar advanced near a seven-month high against major currencies on Wednesday after data showed U.S. inflation for O...

13 November 2024 23:41
BIAS23.com NM23 Ai