{"id":46705,"date":"2013-08-19T09:14:00","date_gmt":"2013-08-19T09:14:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-index-mainly-flat\/46698\/"},"modified":"2013-08-19T09:14:00","modified_gmt":"2013-08-19T09:14:00","slug":"forex-market-update-dollar-index-mainly-flat","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-index-mainly-flat\/46705\/","title":{"rendered":"Forex Market Update: Dollar Index Mainly Flat"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p>The U.S. dollar traded mainly flat against major traded currencies on Monday as investors remained edgy to take fresh positions on the U.S. unit ahead of the <a href=\"http:\/\/www.knowfinance.com\/federal-reserve-system-fed\/\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a>\u2019s minutes release, later this week.<\/p>\n<p><span id=\"more-46705\"><\/span><\/p>\n<p>At last check, the dollar index, a gauge on U.S. dollar\u2019s performance against six rival currencies, slipped 0.06% to 81.25.<\/p>\n<p>The WSJ Index, in which the indexing criteria is slightly broader, inched up 0.06% to 73.59.<\/p>\n<p>The <a href=\"http:\/\/www.knowfinance.com\/federal-reserve-system-fed\/\" target=\"_blank\" rel=\"noopener\">Fed<\/a> is scheduled to release its minutes for the open market committee meeting (FOMC -July 30-31) on Wednesday and market participants will be anxious to know the policymakers\u2019 view on the ongoing quantitative easing.<\/p>\n<p>Rising fear that the Fed could soon start to taper its bond purchase program resulted in massive sell-off in equity markets last week while yields on U.S. treasuries spiked.<\/p>\n<p>&#8220;The minutes could point to the Fed tapering stimulus next month. This, coupled with rising U.S. Treasury yields, could lead to some dollar strength this week,&#8221; said Marcus Hettinger, global FX strategist at Credit Suisse, according to Reuters.<\/p>\n<p>On the other hand, if the Fed continues to adopt a dovish policy stance or fails to provide any definitive forecast on when it might start pulling back the quantitative easing (QE3) then the dollar could weaken against major currencies.<\/p>\n<p>Adam Cole, global head at FX strategy at RBC while speaking to Reuters said that the general perception is tapering process could begin from September. However, Cole added, \u201cif the minutes don&#8217;t give any strong hints of that, there is a risk expectations start to drift from September to October.\u201d<\/p>\n<p>&nbsp;<\/p>\n<div class=\"nr_popular_placeholder\" data-permalink=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-index-mainly-flat\/46705\" data-title=\"Forex Market Update: Dollar Index Mainly Flat\"><\/div>\n<p><script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130822103740js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> <\/p>\n<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a><br \/>\n<a class=\"addthis_button_preferred_2\"><\/a><br \/>\n<a class=\"addthis_button_preferred_3\"><\/a><br \/>\n<a class=\"addthis_button_preferred_4\"><\/a><br \/>\n<a class=\"addthis_button_compact\"><\/a><br \/>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n<p><script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script><br \/>\n<!-- AddThis Button END --><\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-lower-after-fed-minutes-dow-jones-falls-for-a-sixth-successive-trading-session\/46769\"><br \/>\nStocks End Lower after Fed Minutes; Dow Jones Falls for a Sixth Successive Trading Session<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-trim-losses-before-feds-minutes-silver-prices-edge-lower\/46768\"><br \/>\nGold Prices Trim Losses Before Fed\u2019s Minutes; Silver Prices Edge Lower<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-float-in-red-territory-by-mid-day-trade\/46766\"><br \/>\nStocks Float in Red Territory By Mid-Day Trade<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-edge-lower-in-early-trading-11\/46763\"><br \/>\nStocks Edge Lower in Early Trading<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-index-up-ahead-of-feds-minutes\/46760\"><br \/>\nForex Market Update: Dollar Index Up Ahead of Fed\u2019s Minutes<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-and-silver-prices-down-feds-minutes-eyed\/46753\"><br \/>\nGold and Silver Prices Down, Fed\u2019s Minutes Eyed<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stock-futures-down-2\/46751\"><br \/>\nStock Futures Down<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130822103740im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script--><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. dollar traded mainly flat against major traded currencies on Monday as investors remained edgy to take fresh positions 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