Dollar edges lower ahead of key Powell speech; Australian dollar soars By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar slipped lower in early European trade Tuesday, consolidating after recent gains ahead of a key speech from Fed Chair Jerome Powell, while the Australian dollar surged after the Reserve Bank hiked interest rates. At 03:00 ET (08:00 GMT), the , which tracks the greenback against […]
RBA raises interest rates, focus on Jerome Powell’s speech
The Reserve Bank of Australia (RBA) raised borrowing costs by 0.25%, in line with market analysts’ expectations. Economists suggest that Australia’s central bank is likely to follow up with another rate hike in March. Oil prices rose on Tuesday, helped by optimism over the recovery in demand from China, the largest crude importer in the […]
US Dollar Support Breakout Remains Lackluster After Powell Speech, Focus on CPI
US Dollar, DXY, Fed Outlook, Jerome Powell, CPI – Asia Pacific Market Open US Dollar flat as Jerome Powell offers no new meaningful updates The DXY Dollar Index support breakout has been lackluster so far Australian Dollar now eyeing local monthly inflation gauge next Recommended by Daniel Dubrovsky Get Your Free USD Forecast Asia-Pacific Market […]
USD Dips Ahead of Powell Speech, US Inflation Data
The USD dipped against the EUR ahead of Federal Reserve Chairman Jerome Powell’s speech later today. Will the currency continue last year’s story of strength or is there a new theme of dollar weakness in the air? The US Dollar’s strength was a long-running theme in 2022, affecting the affordability of commodities like crude oil […]
Dollar edges higher; Powell speech looms large By Investing.com
By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Tuesday, but traded just above a seven-month low as traders looked to a speech from Fed chair Jerome Powell for more clarity over the central bank’s rate hike cycle. At 03:15 ET (08:15 GMT), the , which tracks the greenback against […]
Asia FX stalls, dollar steadies in anticipation of Powell speech By Investing.com
© Reuters. By Ambar Warrick Investing.com — A rally in Asian currencies stalled on Tuesday as markets awaited more cues on U.S. monetary policy from an address by Federal Reserve Chair Jerome Powell later in the day, while caution over a Chinese reopening grew amid rising COVID-19 cases in the country. Powell is expected to […]