Market news
17.03.2021, 11:59

European session review: Dollar rises ahead of Fed statement

TimeCountryEventPeriodPrevious valueForecastActual
00:30AustraliaLeading IndexFebruary-0.1% 0.02%
09:00FranceIEA Oil Market Report    
10:00EurozoneConstruction Output, y/yJanuary0% -1.9%
10:00EurozoneHarmonized CPI, Y/YFebruary0.9%0.9%0.9%
10:00EurozoneHarmonized CPI ex EFAT, Y/YFebruary1.4%1.1%1.1%
10:00EurozoneHarmonized CPIFebruary0.2%0.2%0.2%

During today's European trading, the US dollar rose slightly as traders await the conclusion of the US Federal Reserve's two-day meeting, which will present recommendations for future monetary policy. Investors will be closely watching the Fed's comments on bond yields. Government bond yields around the world jumped on expectations that economic growth and inflation could lead to a faster-than-expected normalization of monetary policy.​

The yen fell against the dollar, and is trading near a nine-month low, ahead of the Bank of Japan's two-day meeting, which ends on Friday.

The pound rose against the dollar ahead of the Bank of England's meeting on Thursday. Analysts predict that the central bank will keep its benchmark interest rate at a historic low of 0.1% and will not change the terms of the bond purchase program.

The euro has fallen slightly as concerns grow about further restrictions in Europe and delays in vaccination.

The ICE Dollar index, which shows the value of the US dollar against six major world currencies, rose by 0.11%.

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location