Tag Archive: Fed Chair Jerome Powell

Dollar Higher After Fed Hike and Dovish ECB

The US dollar gained against all major pairs this week. A hawkish Fed and a dovish European Central Bank (ECB) gave the edge to the American currency. Donald Trump scored diplomacy points in Singapore by meeting with North Korean leader…
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Hawkish Fed Boosts US Dollar But Tariffs Bring Currency Down to Earth

The US dollar is lower against major pairs after the U.S. Federal Reserve raised the benchmark Fed funds rate by 25 basis points on Wednesday. The move was heavily anticipated by the market, but the strong pace of the US…
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Fed Hike Priced In But Market to Focus on Powell’s Words

The US dollar is higher against major currencies on Tuesday after American inflation came in better than expected ahead of the eagerly anticipated Federal Open Market Committee (FOMC) two day meeting. A 25 basis points rate hike has been priced…
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Dollar Stronger on Possibility Fed to Step up Tightening Pace

The US dollar rose on Tuesday against all major pairs. The greenback started to rally in April and even though the ISM manufacturing index was lower than expected it did little to dent the advance of the currency. Employment data…
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Dollar Slows Down Awaiting Employment Data

The US dollar had massive weekly gains against all majors. The release of the gross domestic product for the first quarter of 2018 beat expectations but did little for a dollar that had rallied all week. Dovish central bank rhetoric…
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US Jobs and Fed to Guide Dollar

Dollar Lower Awaiting Employment Data and Fed Statement Chair Yellen’s Last Fed Meeting as Chair The USD is trading lower versus most majors ahead of US President Donald Trump’s first State of the Union address, January’s monetary policy statement from…
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