Powell’s comments from testimony weaken the US dollar ahead of another important monetary event – FOMC minutes. Powell says that uncertainties are growing and weak inflation will be even more persistent. These dovish remarks reassure investors that interest rate cut in the US is almost certain this month. The dollar index is down by 0.3% and US 10Y yields are below 2.05%.
Summary: US indices trade close to all-time highs DE30: Covestro shares struggle near resistance GBP set for 3rd consecutive...
4:39 PMNews that the New York Fed has announced a series of 14-day repos starting on Tuesday is the latest development in a line of short-term funding issues...
2:12 PMSummary: US indices remain well supported near record highs S&P500 set for 4th green W1 candle in a row CAD falls as retail...
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