Dollar rises strongly; eyes on Federal Reserve decision

Dubai-Mubasher: U.S. dollar rose strongly on Sunday amid anticipation of the Federal Reserve decision about interest rate hike, according to a recent report by Activetrades.

The dollar snapped a two-week decline after profit-taking and reaction to other data.

This week is expected to see rapid fluctuations amid hit-and-run moves by speculators.

The yen declined against dollar after Tanakan report showed continued concerns about the Asian economic slowdown, which weighed on corporate confidence.

Mubasher Contribution Time: 14-Dec-2015 10:46 (GMT)