Dollar pauses its decline on fresh virus worries
Source: Reuters
U.S. MARKETS
JANUARY 24, 20218:39 PM UPDATED 13 MINUTES AGO
By Hideyuki Sano
4 MIN READ
But analysts said the dollar could resume its fall if the U.S. Federal Reserve reaffirms its commitment to a highly accommodative monetary policy at its rate meeting later this week -- as widely expected.
“I don’t think the Fed has any incentives to curtail its stimulus at this point, even though some market players may try to read between the lines for any signs of tapering in stimulus,” said Kazushige Kaida, head of FX sales at State Street Bank’s Tokyo Branch.
“I think the dollar is staying in a downtrend even though it is marking time for now,” he said.
Reporting by Hideyuki Sano; Editing by Sam Holmes and Ana Nicolaci da Costa
Read more: https://www.reuters.com/article/us-global-forex/dollar-pauses-its-decline-on-fresh-virus-worries-idUSKBN29U04F?il=0
