The US dollar was soft today as possibility of a peaceful resolution of the situation in Syria made Forex traders less interested in the currency as a protection against geopolitical risks.
US President Barack Obama asked the Congress to delay the vote on military actions against Syria. Obama decided to postpone voting after Russia offered to control usage of Syrian chemical weapons. The probability of a diplomatic resolution of the conflict made the dollar less attractive as a safe haven and the Dollar Index slipped 0.4 percent today.
The policy meeting of the Federal Reserve was put to a background for the moment, but it can easily return to the news headlines anytime. The gathering will occur next week and many analysts believe that the US central bank will perform some form of stimulus tampering. Traders will likely begin paying attention to such possibility again as the date of the policy decision will be nearing.
EUR/USD advanced from 1.3266 to 1.3308 as of 21:12 GMT today, rising for the fourth consecutive session. GBP/USD jumped from 1.5731 to 1.5823. USD/JPY slid from 100.36 to 99.85.
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