Forex

Dollar holds after absorbing Federal Reserve's decision

2020-09-18 21:36:01 GMT (Economies.com)

The US dollar held on Friday, after the market absorbed the Federal Reserve's interest and monetary policy decisions.

 

Investors are closely following the exchange of criticism and accusations between the US presidential candidates, Republican Donald Trump and Democrat Joe Biden.

 

President Donald Trump expressed that his Democratic rival Joe Biden will raise taxes by $4 trillion if he wins the presidential election.

 

President Trump also stressed that thousands of doctors in the US are working relentlessly on an effective and safe Covid-19 vaccine.

 

Data showed that the US current account posted a deficit of $171 billion in the second quarter, worse than expectations of $158 billion, while the consumer confidence index rose to 78.9 points this month.

 

The dollar index slipped against a basket of currencies by less than 0.1% to 92.9 points as of 20:29 GMT, after hitting a high of 93.01 and a low of 92.7.

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