XE Market Analysis: Dollar Steadies After Powell's Speech

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OVERVIEW

  • Traders now only price in one rate hike for the US in 2019.
  • Sterling continues to hover around vital 1.2750 level as Brexit concerns mount.
  • The South African Rand is supported by Fed’s dovish tone.

HIGHLIGHT

The South African Rand has strengthened against the Greenback today following Fed Chair Powell’s speech where he eyed more gradual rate hikes than anticipated.