Forex – The dollar is advancing in view of the speech of Powell


© Reuters.

Investing.com – The greenback has reached a summit a week and a half while traders await clues from the federal Reserve chairman, Jerome Powell, on the prospects for monetary policy.

Powell needs to give a speech at a public meeting with educators in Washington DC at 19: 00, eastern time (24h00 GMT).

The dollar index, which measures the greenback’s strength against a basket of six currencies, rose 0.16% to 95,965 at 10: 33 (ET) (15: 33 GMT).

Recall that the central bank has recently announced the end of its effort to tightening monetary policy because of concerns that the slowdown in economic growth at the national and international levels.

Meanwhile, the speech of the american president Donald Trump on the state of the Union Tuesday night has not impressed the markets digesting the prospects of a new closure of the government if the Congress does not respond to his request for a wall on the border with Mexico.

The dollar is down against the yen, the USD / JPY down 0.25% to 109,67.

Elsewhere, the pound has slightly recovered after falling to 1,2926 dollar, the lowest in two weeks, so that the european Union will not reopen the divorce agreement in the Brexit negotiated last year. The GBP / USD rose 0.15% to 1,2960.

The euro was down after the disappointing data from Germany, with the EUR / USD down 0.25% to 1,1382.

In Australia, the AUD / USD fell 1.4% to 0,7129 after the governor of the australian central bank, Philip Lowe, has said in a speech that the next evolution of interest rates could be on the decline.

The NZD / USD has dipped 0.7% to 0,6842. The loonie is falling, with USD / CAD up 0.46% at 1.3184.

Like this post? Please share to your friends:
Leave a Reply