Forex wireless

Dollar down against the euro Wednesday to a one-month low after the U.S. Federal Reserve Board (FED, the Fed) lowered the economic growth forecast and warned that rising unemployment, the rate hikes later this year to reduce the risk.
While the Fed announced the April 29-30 conference record discuss interest rates on the outstanding concerns on inflation, and hinted that further rate cut less likely, but not enough to curb the dollar%26#39;s fall against the Japanese yen also hit a one-week low .
The market is in response to the Fed to raise the threshold of a further rate cut, but did not lower the threshold of raising interest rates. The market was looking for some signs of the latter. FX Analytics partner David Gilmore said.
Euro / dollar opinions 1.5791 U.S. dollars, approaching last month touched record highs above 1.60 U.S. dollars, at 1.5789 late, the day up 0.8 percent.
Dollar / yen down to one-week low of 102.97 yen, from 103.01 yen stabilized and then, on that day is still down 0.6 percent. Dollar / Swiss franc Fell 1.1 percent, to 1.0250 francs.
The dollar index as low as 71.903.
** The Fed lowered the economic growth forecast **
Fed to this year%26#39;s economic growth forecast three months ago from 1.3-2 percent projected substantial downward adjustment to 0.3-1.2 percent, coupled with record high oil prices, Meiguchongcuo, drag dollar also fell.
Fed also warned that the unemployment rate will be increased significantly.
Some analysts said the Fed%26#39;s meeting records indicate that further rate cut is still possible this year.
Meeting of the expression of downside risks to economic growth than the worries of the market is generally expected to be heavy, it is obvious that the Fed is still concerned about performance data, or when necessary preparations for a rate cut. RBC Capital Markets senior currency strategist Division Matthew Strauss said.
This in itself that many market participants the accident, was originally expected because of their record will clearly show that the Fed will adopt a wait and see, but the fundamental uncertainty.
Short-term interest rate futures trend, the market that the Fed will keep rates unchanged at 2 percent risk was 88 percent, raising interest rates before the end of a risk of about 80 percent, Tuesday to nearly 100 percent.
In sharp contrast, the judgement of the German Ifo business sentiment index unexpectedly improved, so that increases the odds of the euro zone interest rates, the euro profitable increasingly thick atmosphere.
European Central Bank (ECB) has been since last June to keep rates unchanged at 4 percent, the euro zone in recent weeks the expected slowdown in economic growth has made investors is expected to begin shortly will be a rate cut.
But recently Germany announced a series of strong data, investors expect a rate cut questioned.
Dollar / Canadian dollar fell 0.9 percent, to 0.9832 Canadian dollars, the Canadian dollar and the rise in oil prices in Canada in April consumer price index rose lead.