US dollar lower ahead of Fed interest rate decision

Tuesday, 10. December 2019 21:58

United States dollar lost against other major currencies on Tuesday with all eyes on the Federal Reserve Bank's interest rates decision set to be announced on Wednesday.

Meanwhile, trade uncertainty over the negotiations between the United States and China persists as White House economic adviser Larry Kudlow asserted that tariffs scheduled for December 15 are "still on the table."

The euro gained 0.27% against the greenback to go for 1.10950 at 3:56 pm ET while the pound reached its highest level against the dollar since April with a rise of 0.31%, changing hands for $1.31902 at the same time.

The dollar hit a three-month low against the Swiss franc as it slipped 0.37% to trade for 0.98414 at 3:56 pm ET. Meanwhile, the US currency increased by 0.14% against the yen to go for 108.7495 at the same time.

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