US EditionWeight Is ‘Discounted’ to the Dollar After Powell’s Message at Jackson Hole: How Much Did He Earn?
3 Articles
3 Articles
The Mexican peso appreciated this Friday August 22 by Jerome Powell’s speech at Jackson Hole, in which he admitted that the Fed will analyze a cut in the interest rate in September. “We believe that there is still a certain margin for the Mexican peso to appreciate, especially if the tendency of structural weakening of the dollar against other global currencies is maintained,” commented Alfonso Jarquín, investment director at VALMEX Casa de Bols…
Interest rates Market stakes Impact on stock exchanges Under Trump's shadow As every year, the Kansas City Federal Reserve organizes the meeting of central bankers at the Jackson Hole resort in the mountains of Wyoming, United States. An event attended by the governors of the world's most important central banks, including Federal Reserve President Jerome Powell.
The possibility of the Federal Reserve beginning to cut its interest rates in September generated a global bassist movement benefiting the Colombian peso. SEE MORE: Powell opens the door to a cut in rates in September, despite inflation fearsThe US currency started this Friday's listing around COP$4,027 with an upward trend, however, following Jerome Powell's speech at Jackson Hole's annual symposium reversed the trend and is now trading around …
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