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%.
• Eurozone’s PMI readings above expectations • Nasdaq (US100) hits new ATH • Microsoft (MSFT.US) confirms plan to...
4:12 PMThe latest weather forecasts half the declines of the natural gas prices in nthe US. Today, the price is rising by more than 13% and is above $2 per...
3:11 PMThe Institute for Supply Management's (ISM) Manufacturing PMI in July rose to 54.2 from 52.6 in the previous month. Today’s reading came...
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