US EditionUSD Edges Lower on Powell Comments – Scotiabank
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6 Articles
The dollar began on Thursday (15) with a downward trend in the world, including in Brazil, with the agents still affecting comments from the evening of the Federal Reserve's charity, Jerome Powell, considered to be “dovish” (burning). At 9h37, the dollar in view dropped 0.28%, at R$ 5,4661 on sale. On Wednesday (14), Powell said that the US labour market remained in a range of few contracts and few discounts during September, although the econom…
Fed’s dovish pivot and prolonged shutdown weigh on the dollar - Monex Canada
CAD The Canadian Dollar mirrored the mild risk-off tone prevalent in global markets yesterday, as both international equities (S&P 500 ) and oil prices slipped. The loonie was also pressured by the continuing safe-haven demand for the US dollar, which was buoyed by US-China trade tensions. This resulted in the USD/CAD pair holding firm near the upper end of its recent range. Overnight price action was muted as traders await fresh catalysts. For …
Fed’s dovish pivot and prolonged shutdown weigh on the dollar - Monex Europe
USD The dollar initially performed as a safe-haven asset yesterday, benefiting from global risk aversion amid escalating US-China trade tensions and the continued deep political uncertainty surrounding the US government shutdown. However, the greenback failed to sustain these gains through the afternoon and overnight session. This weakness came after Fed Chair Powell suggested the central bank may deliver another rate cut this month, confirming …
The dollar is being shaken by Fed Chair Jerome Powell's "dovish" remarks. Powell, citing a weakening labor market, has bolstered expectations for an interest rate cut, while the dollar index has fallen below 99. US-China trade tensions and the federal government shutdown, exacerbating economic uncertainty, are also increasing pressure on the dollar. So, what's the dollar/TRY exchange rate like? Here are the details...
Dollar Declines on Dovish Powell
The dollar index (DXY00 ) on Tuesday fell by -0.24%. The dollar gave up its overnight advance and turned lower after ECB President Lagarde’s upbeat comments pushed the euro higher and weighed on the dollar. The ongoing shutdown of the US government is bearish for the dollar. The longer the...
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