Investing.com – The US dollar was slightly changed on Wednesday in Asia as traders await the US Federal Reserve protocol in January
The Central Bank, at its meeting on January 30, held
" First (the Federal Reserve) effectively eliminated any interest rate increases this year, "said Darle Dellaide of Investing.com. "The message now is that the Federal Reserve will not shrink its balance much more than it already is, and will keep it on quite high levels."
"He can even preserve the quantitative easing ̵
The last was traded at 96,393 at 1:37 am ET (06:37 GMT), up by 0.05%.
The pair rose by 0.2% at 110.84. The Japanese currency received a lift on Tuesday after the Bank of Japan Governor Haruyko Kuroda told the Japanese parliament that the central bank would consider further relief if a stronger yen threatened to suppress prices and activity. Although the global trend starts with the United States, Europe and Australia are moving toward the heights of the central bank and the position of BOJ is in line with the trend, said Kogji Fukaya, president of FPG Securities, in a report by Reuters
The pair lost 0.4% of 6.7258. The pair is likely to trade in ranges, Westpac analyst Frances Cheung said in a statement quoted by FXStreet.
"USD / CNY is likely to trade in high-risk ranges, as we remain cautious about US development. China's trade relations, "Chung said.
Another round of trade talks between China and the United States began this week in Washington after the last meeting ended without a deal earlier this week, US President Donald Trump said.
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