Usa dollar rate today

  1. US Dollar(USD) Today
  2. US dollar inches higher ahead of inflation data, Fed rate decision


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US Dollar(USD) Today

US Dollar(USD) Currency Exchange Rates This is the page of US Dollar(USD) Currency Exchange Rates. It shares two tables, one is the USD currency converts to the major currencies; the other is the USD currency converts to other currencies in which there are five options to select, also can click the corresponding link to go to the currency pairs page, or the currency pairs history page.

US dollar inches higher ahead of inflation data, Fed rate decision

NEW YORK, June 12 (Reuters) - The dollar inched higher on Monday, trading in a narrow range as investors remained cautious ahead of several key policy decisions due this week, with the Federal Reserve expected to keep rates on hold for the first time since January 2022. Monetary policy meetings at the Fed, the European Central Bank (ECB) and the Bank of Japan (BOJ) will set this week's tone as markets seek clues from policymakers on the future path of interest rates. U.S. May inflation data is also out on Tuesday as the Fed kicks off its two-day meeting. "Though it's more likely than not that the Fed will 'skip' a hike this month, it seems as if no one wants to be caught on the wrong side of the market should they choose to hike this month, keeping volatility low across most majors," said Helen Given, FX trader at Monex USA in Washington. She said everyone seemed to be "holding their breath" and waiting for cues from Fed Chair Jerome Powell. "A hike Wednesday would likely be very dollar-positive as it would go against current market expectations," Given said. Money markets are leaning toward a pause from the Fed, according to Refinitiv's FedWatch, but a majority expect a hike in the July meeting. Conversely, a clear majority of economists The U.S. dollar index clocked a loss of nearly 0.5% last week, its worst weekly drop since mid-April, and was last up 0.1% at 103.60. The euro was up slightly at $1.0760, having risen 0.4% last week, its first weekly gain in roughly a mon...