{"id":46731,"date":"2013-08-20T09:07:00","date_gmt":"2013-08-20T09:07:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-index-sharply-lower-as-investors-eye-feds-minutes\/46731\/"},"modified":"2013-08-20T09:07:00","modified_gmt":"2013-08-20T09:07:00","slug":"forex-market-update-dollar-index-sharply-lower-as-investors-eye-feds-minutes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-index-sharply-lower-as-investors-eye-feds-minutes\/46731\/","title":{"rendered":"Forex Market Update: Dollar Index Sharply Lower as Investors Eye Fed\u2019s Minutes"},"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 turned sharply lower against major traded currencies on Tuesday even as yields on benchmark U.S. treasuries slipped as market participants wait for some clarity over the tapering of the bond purchase program by the <a href=\"http:\/\/www.knowfinance.com\/federal-reserve-system-fed\/\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a>. The trading volume was reported to be too low on Tuesday.<\/p>\n<p><span id=\"more-46731\"><\/span><\/p>\n<p>The Fed is scheduled to release its minutes from the most recent open market committee meeting (FOMC) on Wednesday.<\/p>\n<p>However, strategists believe that the dip in the U.S. dollar is good buying opportunity, which reflects growing expectation that the Fed could soon eventually announce the beginning of the tapering process.<\/p>\n<p>&#8220;The big players are missing and volumes are nearly 50 percent lower than we saw in April so price moves can get exaggerated. To us, any dip in the dollar offers a buying opportunity, especially against the <a href=\"http:\/\/www.knowfinance.com\/japanese-yen-jpy\/\" target=\"_blank\" rel=\"noopener\">yen<\/a>, the Swiss franc, the euro and the pound,\u201d said Mankash Jain, head of FX and Investment Management, at London based hedge fund, Solo Capital, according to Reuters.<\/p>\n<p>The dollar index, a measure on U.S. unit\u2019s performance against a basket of six major traded currencies, fell 0.47% to 80.90.<\/p>\n<p>The yen and Swiss franc jumped sharply higher against the dollar. As these currencies are regarded as highly liquid ones, investors tend to seek in safety in them in the times of uncertainty.<\/p>\n<p>At last check, the euro was last up 0.70% to $1.3429. Against the yen, the dollar was down 0.32% to 97.27 yen.<\/p>\n<div class=\"nr_popular_placeholder\" data-permalink=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-index-sharply-lower-as-investors-eye-feds-minutes\/46731\" data-title=\"Forex Market Update: Dollar Index Sharply Lower as Investors Eye Fed\u2019s Minutes\"><\/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\/20130824170725js_\/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-higher-21\/46831\"><br \/>\nStocks End Higher<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-rally-after-weak-new-home-sales-data-silver-prices-also-rally\/46827\"><br \/>\nGold Prices Rally After Weak New Home Sales Data; Silver Prices Also Rally<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-trim-gains-after-new-home-sales-data\/46824\"><br \/>\nStocks Trim Gains After New Home Sales Data<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-edge-higher-in-early-trading-26\/46819\"><br \/>\nStocks Edge Higher in Early Trading<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-index-inches-up\/46816\"><br \/>\nForex Market Update: Dollar Index Inches Up<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-and-silver-prices-edge-higher-14\/46812\"><br \/>\nGold and Silver Prices Edge Higher<\/a><\/li>\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-futures-flat-2\/46808\"><br \/>\nStocks Futures Flat<\/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\/20130824170725im_\/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 turned sharply lower against major traded currencies on Tuesday even as yields on benchmark U.S. treasuries slipped 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