The American dollar index regressed for the second consecutive meeting during today ' s Tuesday dealings, approaching the level of approximately 98.10 in Asian markets, amid growing expectations of continuing Federal Reserve Facilitate its monetary policy, as well as investor ' s tendency towards safe haven assets, depending on.
Current movements of the dollar reflect a situation of sharp division between federal reserve officials around the future track of interest; while Beth Hamak, Federal Reserve, considers that the current monetary policy allows temporary stabilization of interest to assess the impact of a 75-point reduction on the economy in the first quarter, warns Stephen Meiran, a member of the Federal Reserve Board that failure to continue to facilitate may raise the risk of recession, although it is excluded in the short term.
The dollar faces additional challenges with investors ' preference for precious minerals as a result of escalating geopolitical tensions, particularly following statements by the United States President, Donald Trump, regarding the detention of oil and tankers off the coast of Venezuela, as well as continued Ukrainian attacks on Russian energy infrastructure, which have recently damaged ships and naval platforms.
Also read: The stability of the US dollar in Egyptian banks today
The monetary policy formulated by the Federal Reserve remains the most influential factor in the value of the dollar, as the Bank seeks to stabilize prices and promote employment through interest instruments, or in extreme cases resort to quantitative facilitation, which usually weakens the currency, against quantitative emphasis that supports its strength as a global reserve currency since 1971.
Read also: The dollar against the pound on Friday in Egyptian banks
