EUR/PLN (EURPLN=X)
| Previous Close | 4.6960 |
| Open | 4.6964 |
| Bid | 4.6847 |
| Day's Range | 4.6804 - 4.7217 |
| 52 Week Range | 4.4781 - 5.0002 |
| Ask | 4.6872 |
- Investing.com
Dollar Rebounds After Fed Announces Tapering; Bank of England Meets
The dollar traded higher Thursday, rebounding from the previous session’s losses after the Federal Reserve said it was in no rush to raise interest rates after it began tapering its bond-buying program. The Fed announced late Wednesday that it would reduce its $120 billion monthly bond-buying program by $15 billion initially, as widely expected, but Chairman Jerome Powell said the U.S. central bank would be "patient" in deciding when to raise its benchmark overnight interest rate from near zero levels. “The fact that the dollar continues to trade near its recent highs against EUR and JPY should be a reminder that: (a) EUR and JPY look better funding currencies than the dollar and (b) that the Fed has fired the starting gun on policy normalization, eventually tighter dollar liquidity, higher US rates and what should be a stronger dollar,” said analyst at ING, in a note.
- Investing.com
Dollar Flat Ahead of Key Federal Reserve Meeting
The dollar traded largely unchanged Wednesday at elevated levels, braced for the Federal Reserve's policy decisions and forward guidance later. The Fed is widely expected to announce a tapering of its current $120 billion monthly bond-buying program, judging the U.S. economy as being sufficiently recovered from the pandemic hit to cope with a reduction in support. “The Fed is ready to pull the tapering trigger this Wednesday and we see risks clearly tilted towards a swifter process than anticipated by the consensus,” said analysts at Nordea, in a note.
