Forex News

Dollar partially declined against major currencies

The dollar fell against most major currencies on Monday amid speculation that the Fed could stop measures to tighten monetary policy this year.

In September-October 2018, the Fed hinted that three rate hikes would occur in 2019 . However, members of the central bank, including Chairman Jerome Powell, have said in recent days that the bank will be flexible with regard to its policy. Minister Teresa May.

On Tuesday, British lawmakers should vote for the May Brexit deal.

The United States dollar fell by about 0.2 percent against the British pound sterling. Meanwhile, the euro / US dollar rose slightly to 1.1469.

The Japanese yen strengthened against the US dollar.

The dollar index decreased by 0.07, or 0.07 percent, to 95.62. The index, which had risen to 95.72 at the beginning of the day, dropped to 95.48 later in the session.

The pound sterling rose to a nearly 2-month high against the US dollar before it lost some positions. However, the currency subsequently recovered and traded slightly higher against the US dollar.

Industrial production in the euro area declined faster than expectations in November, as evidenced by preliminary data from the Eurostat statistical office, published on Monday.

Seasonally adjusted industrial production fell by 1.7 percent from October, when the figure rose by 0.1 percent, revised from 0.2 percent. Economists had expected a 1.5 percent decline.