XE Market Analysis: Dollar is Strong on Interest Rate Outlook

OVERVIEW

  • The Euro is weaker as the central bank policy in the EU diverges with most other major central banks.
  • The Sterling falters ahead of Theresa May’s speech on Friday.
  • Eyes are on FED Chair Powel who is testifying again this afternoon.

HIGHLIGHT

The US Dollar continued its surge stronger across currencies today after yesterday’s positive tone from the new FED Chair Mr. Powel, who will continue to testify today and will be closely watched for the next move in the value of the US Dollar.