The dollar has lifted moderately and global stock markets have lost upside thrust as market participants hunker down ahead of Fed Chairman Powell’s keynote Jackson Hole address on Thursday. Markets are anticipating a dovish lean from Powell, although there is a risk for disappointment in terms of how much he can signal given the FOMC […]
The dollar lifted out of intraday lows in overall narrow ranges while global stock markets have beaten a retreat as today’s keynote address of Fed Chairman Powell looms up. EUR-USD ebbed to the lower 1.1800s after earlier edging out a three-day high at 1.1850, maintaining a narrow range for a fourth consecutive day. Cable edged […]
The dollar has retained a softening tone, though ranges have been narrow. Markets are anticipating a dovish lean from Fed Chair Powell’s keynote Jackson Hole speech today. Wall Street yesterday produced fresh record highs for the S&P 500 and NASDAQ, though the main U.S. index futures are lower in overnight trading while most Asia stock […]
The dollar’s weakening bias reimposed as the lows seen in the immediate wake of Fed Chair Powell’s announcement of a framework regime change (lower interest rates for longer as a consequence of more tolerance on inflation risks) were surpassed during the London morning. The narrow trade-weighted USD index (DXY) dropped by over 0.6% in posting […]
The dollar has ebbed back toward the lows seen in the immediate wake of Fed Chair Powell’s historic announcement of a shift in its monetary policy strategy, moving to an average inflation target. The narrow trade-weighted USD index (DXY) has receded to a 92.60 low, swinging the post-Powell low at 92.44 back into scope while […]
The dollar fell early in N.Y. on Thursday, after Powell indicated the Fed would change its inflation targeting, allowing CPI to rise above the 2% target for a time. As a result of the policy change, interest rates are set to remain close to zero for a longer time. USD-JPY fell from 106.10 to one-week […]
The DXY bounced modestly in N.Y. on Friday, after coming under pressure overnight, hitting an eight-session low of 92.20 early in the day. The Dollar’s move lower apparently came as the market has determined that the Fed’s new inflation policy will keep interest rates low for even longer, which should continue to keep the USD […]
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