Dollar dipped while the new hike is done deal

Even though Janet Yellen, the Fed’s Chair was too careful in her latest interview on Friday, analysts believe that Fed is going to raise the interest rate as soon...

Even though Janet Yellen, the Fed’s Chair was too careful in her latest interview on Friday, analysts believe that Fed is going to raise the interest rate as soon as possible, within two next weeks.

The market is expecting the new hike and gives 90 percent to this chance. Traders expect the new rate, increased by 0.25 percent on 14-15 March, during the next Fed meeting. The fully priced move expected to be in the next September.

Masahiro Ichikawa, the strategist from Japan, says that there are no doubts left that the new rates will be settled down this month. According to him, the main question right now is about chosen pace for this rate. He believes that with the intrusive moves dollar would be able to go further and hit its own new record.

During this morning trades, the dollar went up and gained 0.3 percent. It was equal to the 113.77 Japanese yen.

Euro went down and lost 0.1 percent. It stopped its falling at the 1.0608 dollars.

Chinese national currency did not go too far, staying at the 6.8920 yuan towards one dollar in offshore deals. It happened quickly after Chinese officials have decided to cut its target for the annual growth and left it at 6.5 percent. It is necessary to remind you that last year’s goal looked like the distance between 6.5 percent to the 7 percent. In the 2016 year, the main growth was equal to the 6.7 percent.

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