Tag Archives: Jerome Powell

USD/JPY experiences a 0.52% decline in the North American session. A lower-than-expected ISM manufacturing reading for November weighed on the US Dollar.Fed Chair Jerome Powell acknowledges some easing in inflation but emphasizes that core inflation remains high and monetary policy decisions will be data dependent.The USD/JPY trims some of its …

The Dollar Index has seen a positive pace, trading with gains of 0.60% near the 103.50 area. The Fed is not ruling out further policy tightening, hinting at a moderately hawkish stance. This is due to officials balancing the costs of doing too little and doing too much, as economic …

The dollar rose from its lowest level in three months on Thursday, but it is still on track to record the largest monthly decline in a year, as investors increase bets that the Federal Reserve (the US central bank) has finished raising interest rates, before the release of a decisive …

The pound sterling rose to its highest level in more than two months against the dollar on Monday, although some risk aversion limited the US currency’s losses, with traders awaiting new economic signals next week to determine the course of monetary policy regarding future interest rates. The current week is …

The dollar fell on Friday as investors bet that US interest rates had peaked, while the yen rose after Japan’s core consumer prices grew, boosting expectations that the Bank of Japan may soon roll back monetary stimulus. With US markets closed on Thursday due to the Thanksgiving holiday and a …

The dollar stabilized slightly on Wednesday, but remained not far from the lowest level in two and a half months against a basket of currencies after the statement of the latest Federal Reserve meeting did not indicate anything significant to rule out expectations that the interest rate hike cycle was …

During his most recent press statements and remarks, Federal Reserve Chair Jerome Powell used the word “careful” to characterise the U.S. central bank’s attempt to strike a balance between tightening credit conditions and the Fed’s belief that the economy was about to slow down, and the risks of still-high inflation …

The yen rose against the dollar for a fourth straight session on Tuesday, with investors anticipating the possibility that the Bank of Japan will tighten monetary policy next year while the Federal Reserve will ease it. The dollar reached its lowest level since mid-September at 147.16 yen, and recorded in …

The dollar faced pressure on Tuesday and was trading at multi-month lows against the euro and other major currencies at a time when investors expect US interest rates to fall next year and see this as a signal to sell the dollar as a hedge. Movements were modest in early …

The Japanese yen continues to retreat against the dollar since the beginning of daily trading on Wednesday, driven by the rise in US Treasury bond yields due to the famous correlation between both.The USD/JPY rose to 151.37, compared to the previous daily close of 150.37. The pair fell to its …