Dollar Weakened In Asian Session Ahead Of The Fed's Rate Announcement

The movement of the exchange rate of the dollar in early trading Wednesday (16/12)corrected back from American session on strengthening overnight by the action of profit taking the market cautious ahead of the announcement of the change of the reference interest rates the Fed which is expected to be announced this evening.

Trading overnight, the dollar managed to strengthen its positive inflation data by the country which supports the Fed's rate increase in sentiment. And at night the American session later main currency rates this potentially global natural high rise ifU.S. interest rates rise high shows were announced the first time after a decade did not change.

The momentum weakening dollar was taken by some movement of the exchange ratewhich became his rival as well as the commodity price of gold that is strengthened by the estimated increase in the interest rates the Fed was not significant and will be done gradually.

Monitor the strength of the exchange rate of the u.s. dollar against other currencies at the current us dollar index (03:00:40 GMT) rolling in the range of 98.09, down from the opening of the 98.16 at 00.00 GMT. Technical basis, Analyst Vibiz Resarch Center see the movement of the us dollar index based on high prices in 98.28 and low in 97.17 overnight, the index is expected to have resistant in the range 98.97 and 98.55 while the nearest support in the range of 97.44 and 96.75.