U.S. President’s veiled criticism on Fed’s monetary policy dampened traders’ enthusiasm ahead of US-China trade talks, sending the greenback lower. Dollar dips against its major traded rivals. The dollar’s index DXY fell about 0.4 % on Tuesday to its lowest in almost two weeks.
The Japanese currency dropped against the US Dollar and is set to register its biggest daily loss in 3 weeks. Let’s find out how has the BOJ policy meeting been concluded.
What is the FED? The Federal Reserve System is the central bank of the United States. FED is responsible for USA’s monetary policy.
Central Bank is a monopolized institution, administered by a national government. Moreover, this institution regulates the behavior of its member banks and formulates monetary policy.