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The dollar rises after the US central bank meeting

News Date: 21/9/2022 01:33:42

Yesterday, Wall Street closed lower , following the US central bank’s meeting, which is expected to raise interest rates significantly.


According to the data, the Standard & Poor's 500 Index fell by 1.12% (43.61 points) to close at 3856.28, while the Nasdaq fell 107.87 points, approximately 0.94%, to close at 11,427.15 points. The Dow Jones Industrial Average fell by 1.01%.


In light of the expectations of the Federal Reserve raising the interest rate, the dollar index rose during trading on Tuesday, supported by the Treasury yields, which reached their highest levels in several years, which boosted the demand for the US currency.


A decrease in futures contracts for gold and futures contracts for oil, unlike yesterday :

 Gold futures contracts fell during the Asian session today by 0.03%, as they were traded – according to the Comex rating – in December at $ 1671.51 an ounce.


 Oil futures also declined, estimatif a 0.18% drop, to trade in November at $84.09 a barrel. It was traded previously at a low of 83.48 dollars per barrel.


On the Tokyo Stock Exchange, the Nikkei index fell at the beginning of trading on Wednesday, as it fell 0.89% to 27,440.84 points, while Topix index fell 0.73% to 1932.97 points.

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