The dollar extends losses; the focus is on central banks – Investing.com Spain

Investing.com – The dollar extended losses on other major currencies on Wednesday in which the publication of relevant data by the US is not expected; investors are still pending meetings of central banks.

The pair remained stable at the level of 1.328352, away from the two-week highs recorded at 1.3336 overnight.

concerns about political instability in the UK continue subsiding, as the Minister of Interior, Theresa May, will be appointed prime minister of the United Kingdom on Wednesday.

However, the pound still under great pressure amid growing expectations that the Bank of England cut rates at the end of its policy meeting on Thursday.

the Bank of England may cut interest rates to put them in new lows and expand its quantitative easing program to protect the UK economy from the consequences of Brexit.

the governor of the Bank of England, Mark Carney, announced Tuesday that the negative consequences of the vote in favor of Brexit for the British economy could lead the central bank to take measures, fueling expectations of more stimulus will be implemented.

the pair dropped 0.27% to 104.42 level , away from the highs of two and half weeks recorded during the previous trading day at 104.98, while the allowed 0.60% to 0.9832.

the yen curbed losses after the coalition government of Japanese Prime Minister Shinzo Abe, increase its majority in the upper house parliamentary elections Sunday.

the victory of the coalition of Abe feeds the hopes that the Fed will implement a new package of stimulus measures to boost economic growth.

the pair an increase of 0.48% was noted to the level of 1.1114.

the Australian dollar gained positions, they advancing crossing 0.10% to 0.7630, and the pair remained stable at the level of 0.7301.

According to official data released Wednesday, the annualized rate down to 4, 8% in June, while 8.4% were left.

China is the main export partner of Australia and New Zealand second.

Meanwhile, the pair dropped 0.53% to 1.2975 level, away from the five-week highs recorded on Monday at 1.3140.

At the end of its meeting on monetary policy, the Bank of Canada decided to keep unchanged its benchmark interest rate at 0.50%, as planned.

thereof, the central bank indicated that inflation in Canada is poised to again reach 2% in 2017, and that growth should continue to recover, although the implications of the vote in favor of Brexit are quite uncertain and difficult to predict.

market participants still await the press conference the Bank of Canada, expected during the day.

, which follows the evolution of this currency against a basket of six other major currencies, was left 0.45% to 96.11.