{"id":6579,"date":"2021-04-30T13:21:50","date_gmt":"2021-04-30T13:21:50","guid":{"rendered":"https:\/\/xtreamforex.com\/?p=6579"},"modified":"2021-04-30T13:21:50","modified_gmt":"2021-04-30T13:21:50","slug":"the-dollar-elevated-but-almost-four-week-lows-due-to-feds-dovish-stance","status":"publish","type":"post","link":"https:\/\/www.xtrememarkets.com\/US\/the-dollar-elevated-but-almost-four-week-lows-due-to-feds-dovish-stance\/","title":{"rendered":"The Dollar Elevated, but almost four-week lows due to Fed&#8217;s Dovish Stance"},"content":{"rendered":"<h5>The Dollar Elevated, but almost four-week lows due to Fed&#8217;s Dovish Stance<\/h5>\n<p>&nbsp;<\/p>\n<p>The <span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/xtreamforex.com\">Dollar<\/a> <\/span>was high on Friday Morning in Asia but ready for a fourth successive week of losses because the US Federal Open market Committee met this week and decided to keep interest rates steady, near zero.<\/p>\n<p>The U.S. Dollar Index traces greenback versus a basket of the other currencies slightly up 0.03% to 90.618.<\/p>\n<p>The USD\/JPY pair edged down 0.10% to 108.81. Japanese data released in the first half of the day mentioned Industrial Production increased 2.2% monthly in march, meanwhile, Tokyo Core Consumer Price Index shrunk 0.2% yearly in April.<\/p>\n<p>The AUD\/USD pair was high 0.24% to 0.7782, with Australia\u2019s Producer Price Index increasing 0.2% yearly and 0.4% in the first quarter.<\/p>\n<p>The NZD\/USD pair inched up 0.11% to 0.7253.<\/p>\n<p>The USD\/CNY Pair slightly down 0.04% to 6.4684. China\u2019s Manufacturing Purchasing Managers Index (PMI) for April was 51.1 and non-manufacturing PMI was 54.9. The Caixin Manufacturing PMI for April was 51.9 and the Caixin Service PMI is going to release in the upcoming week.<\/p>\n<p>The GBP\/USD pair edged up 0.08% to 1.3951.<\/p>\n<p>Data released on Thursday stated that the U.S. GDP climbed 6.4% in the first quarter of 2021 and 553,00 initial jobless claims were filed over the past week.<\/p>\n<p>The Bank of Canada has already begun decreasing its asset purchases, and the commodity-linked Canadian dollar got a further boost from rising oil prices, which were at a six-week high.<\/p>\n<p>The prices also supported the Australian and New Zealand dollars, which are also connected to commodities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dollar Elevated, but almost four-week lows due to Fed&#8217;s Dovish Stance &nbsp; The Dollar was high on Friday Morning in Asia but ready for a fourth successive week of losses because the US Federal Open market Committee met this week and decided to keep interest rates steady, near zero. The U.S. Dollar Index traces<\/p>\n... <a href=\"https:\/\/www.xtrememarkets.com\/US\/the-dollar-elevated-but-almost-four-week-lows-due-to-feds-dovish-stance\/\">continue reading<\/a>.","protected":false},"author":3,"featured_media":2311,"comment_status":"closed","ping_status":"open","sticky":false,"template":"template_with_sidebar.php","format":"standard","meta":[],"categories":[12],"tags":[38,142,24,37,52,97],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>The Dollar Elevated, but almost four-week lows |Xtreamforex|<\/title>\r\n<meta name=\"description\" content=\"The Dollar was high on Friday Morning in Asia but ready for a fourth successive week of losses |Xtreamforex|\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.xtrememarkets.com\/US\/the-dollar-elevated-but-almost-four-week-lows-due-to-feds-dovish-stance\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta 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