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: Wall St. set to end weekly winning streak GBP dips as flash PMIs disappoint CAD falls back after initial gains on data Coffee...
2:20 PMSummary: US indices on track for weekly loss US30 has posted 4 consecutive weekly gains CAD moves higher as retail sales tops...
1:29 PMCoffee prices were depressed for a long time but have been rallying very strongly recently. The price has just broke $116 and is up 19% over the past month!...
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