FXstreet.com (Edinburgh) - The greenback, in terms of the US Dollar index, is posting meagre gains on Wednesday, following the lack of direction in the markets ahead of the FOMC statement due this evening.
In the international market, the US dollar slipped against the Japanese yen and the euro in the early trade ahead of highly anticipated guidance from the US Federal Reserve on what it plans to do with its bond-buying programme.
The Reuters calculation for the aggregate U.S. dollar position is derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc, Canadian and Australian dollars.
It was the first time the U.S. dollar has closed above the NT$30 mark since June 13 as the central bank aimed to keep the New Taiwan dollar cheaper on a day when the Japanese yen and South Korean won also lost ground against the greenback, they said.
Philip Morris International, the world's largest tobacco company by revenues, said on Thursday that the strengthening US dollar will be a drag on its earnings this year. The US company that sells tobacco products overseas warned that foreign exchange ...