US Dollar Index rises to near 101.00 following Fed Powell remarks to lower rates gradually
However, last week’s US Core Personal Consumption Expenditures (PCE) Price Index increased by 0.1% MoM in August, falling short of the expected 0.2% rise, aligning with the Federal Reserve's outlook that inflation is easing in the US economy. This reinforced the possibility of an aggressive rate-cutting cycle by the Fed.
Bonds rally, dollar firms
Fed Chair Powell showed little sense of urgency and seemed to endorse the recent dot plot that implied two quarter-point rate cuts this year if the economy evolved as expected. This helped lift the ...
Sterling dipped against a firming dollar on Tuesday as survey data confirmed a slowdown in factory activity in September, but ...
The Democratic Senatorial Campaign Committee announced it launched a “multimillion dollar” television ad buy targeting two US ...
U.S. Dollar surge and OPEC+ production increase weigh on oil prices. Charts predict crude may test $64.04 as demand concerns ...
THE Malaysian ringgit fell more than 1% on Tuesday as emerging Asian currencies lost ground against a stronger dollar after ...
The dollar rose on Monday after Federal Reserve Chair Jerome Powell adopted a more hawkish tone on the economy, leading ...
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