Dollar rises ahead of FOMC meeting

The U.S. dollar appreciated against several of its major peers on March 13, as traders engaged in fx risk management responded to speculation surrounding a meeting of the U.S. Federal Open Market Committee (FOMC).
The U.S. dollar appreciated to 82.85 yen, which was its highest value against the Japanese currency in 11 months, according to Reuters. The greenback then retreated from this peak to reach 82.63 yen.
The greenback depreciated to as low as $1.3050 versus the euro, which was its lowest value against the common currency since mid-February, the media outlet reports.
The ICE dollar index was trading at 80.21, down slightly from the seven-week high of 80.132 it reached on Monday, according to Reuters.
Market experts expect that the FOMC is less likely to initiate another round of bond purchases as a result of the strong retail sales data.
Corporate risk managers need to monitor changes in currencies such as the U.S. dollar if they wish to minimize the impact of changing foreign exchange rates on financial performance. Foreign exchange technology can provide the decision makers with the real-time currency data they need. 

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Dollar rises ahead of FOMC meeting

The U.S. dollar appreciated against several of its major peers on March 13, as traders engaged in fx risk management responded to speculation surrounding a meeting of the U.S. Federal Open Market Committee (FOMC).
The U.S. dollar appreciated to 82.85 yen, which was its highest value against the Japanese currency in 11 months, according to Reuters. The greenback then retreated from this peak to reach 82.63 yen.
The greenback depreciated to as low as $1.3050 versus the euro, which was its lowest value against the common currency since mid-February, the media outlet reports.
The ICE dollar index was trading at 80.21, down slightly from the seven-week high of 80.132 it reached on Monday, according to Reuters.
Market experts expect that the FOMC is less likely to initiate another round of bond purchases as a result of the strong retail sales data.
Corporate risk managers need to monitor changes in currencies such as the U.S. dollar if they wish to minimize the impact of changing foreign exchange rates on financial performance. Foreign exchange technology can provide the decision makers with the real-time currency data they need.