Dollar Weakens as Fed Rate Decision Looms

The financial markets all over the world are also strained in anticipation of policy declaring by the Federal Reserve of the United States.

The dollar went to its lowest spot in the past few months, and euro reached its highest point in four years. The anxiety showed as gold shot to over 3,700 an ounce.

Traders are waiting Fed Chair Jerome Powell to give signs whether Fed will be going through the easing cycle again. The ruling is likely to influence the world currency and commodity markets.