US Dollar (DXY) Rattled by a Slightly Less Hawkish Fed Chair Powell
US Dollar (DXY) Price and Chart Analysis The US dollar slips after the Fed chair dials back on the hawkish narrative. S&P 500 and the Nasdaq 100 are within touching distance of new multi-week highs. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe […]
Indian Rupee steadies near monthly top, Fed Chair Powell, RBI Interest Rate Decision eyed
Share: USD/INR grinds higher around monthly peak, bulls take a breather after three-day uptrend. Cautious sentiment ahead of Fed Chair Jerome Powell’s speech, RBI interest rate decision probes the Indian Rupee pair traders. Firmer Oil price, hopes of dovish guidance from RBI joins hawkish hopes from Fed to keep buyers hopeful. Reuters poll […]
FCA Appoints Aidene Walsh as PSR Chair
The British Financial Conduct Authority (FCA), the country’s financial markets regulator, has confirmed Aidene Walsh’s appointment as the Chair of the Payment Systems Regulator (PSR). Welsh has served as the Interim Chair since April and was recently commissioned for a full three-year term. According to the press release published on Wednesday, Walsh’s appointment was made […]
Fed Chair Powell Tests Positive for Covid-19, Has Mild Symptoms By Bloomberg
© Bloomberg. Jerome Powell Photographer: Ting Shen/Bloomberg (Bloomberg) — Federal Reserve Board Chair Jerome Powell tested positive for Covid-19 and is experiencing mild symptoms. Powell, 69, received the positive test Wednesday and “is up to date with Covid-19 vaccines and boosters,” the Fed said in a statement, adding that he is working remotely while isolating […]
Gold prices rise as dip in $ makes bullion less expensive for buyers
By Ashitha Shivaprasad (Reuters) – Gold prices rose on Tuesday as a dip in the dollar made bullion less expensive for buyers holding other currencies, although trading was thin after the long Christmas weekend. Spot gold was up 0.6% at $1,807.69 per ounce, as of 0704 GMT. […]