Dollar weaker versus peers on Fed Powell's 'patient' comments
Friday, 11 January 2019 07:59 WIB | CURRENCIES |DOLLARDolar AS

The dollar held a soft tone versus its peers on Friday, on rising expectations the U.S. Federal Reserve may hit the pause button on monetary tightening if the economy slows this year.

Fed Chairman Jerome Powell reiterated on Thursday the U.S. central bank has the ability to be patient on monetary policy given that inflation remains stable. Markets are now pricing in no further rate hikes by the Fed this year.

Sentiment was cautious in early Asian trade on a lack of concrete details from the United States and China on any progress made in their trade dispute after a three-day meeting in Beijing. The two sides are more than halfway through a 90-day truce agreed by U.S. President Donald Trump and his Chinese counterpart Xi Jinping.

The dollar index was marginally lower at 95.5 on Friday. The index has fallen around 2.2 percent since mid-December on expectations that a slowdown in growth, both in the United States as well as globally, will restrict the Fed from raising rates in 2019.

The safe-haven yen strengthened 0.1 percent to 108.32 per dollar, reflecting investors' cautious wait-and-see mode.

The euro gained 0.1 percent at $1.1502, after losing 0.4 percent of its value in the previous session.

Elsewhere, sterling traded marginally firmer, fetching $1.2752 in early Asian trade with traders focused on the progress of Brexit.

Source: Reuters

RELATED NEWS

Dollar Rises vs Euro as European PMI Data Fails to Impress
Friday, 24 January 2020 23:32 WIB

The dollar rose to a near eight-week high against the euro on Friday as lukewarm European PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future. Euro zone business activity remained lackluster with the IHS M...

Dollar Edges Higher as Virus Fears Ease; Euro Weakens
Friday, 24 January 2020 15:37 WIB

The U.S. dollar is showing some strength against the safe haven Japanese yen Friday as a degree of calmness returns to traders who have fretted all week over the new pneumonia-like virus in China. By 02:50 ET (0750 GMT), the dollar had climbed 0.1% against the yen, with USD/JPY trading at 109.54. T...

Euro near 7-week low after ECB; virus fears support yen
Friday, 24 January 2020 08:51 WIB

The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China™s coronavirus outbreak propped up the safe-haven yen. The euro stood at $1.1055, touching a seven-week low of $1.1036 hit in U.S. tra...

EUR/USD Price Action: Euro Sinks to Seven-Week Lows Post ECB
Friday, 24 January 2020 00:11 WIB

EUR/USD is trading in a weak downtrend below the main simple moving averages (SMAs). Additionally, the spot is also breaking down from an ascending channel which started in October 2019. The bull flag from December 2019 failed. EUR/USD created a head-and-shoulders formation which is weighing on the ...

Yen Pushes Higher; Euro in Focus as ECB Meets
Thursday, 23 January 2020 16:08 WIB

The safe haven Japanese yen gained against the U.S. dollar Thursday on a sharp bout of risk aversion, as battles to contain the new pneumonia-like virus in China intensified, although volatility remained limited. By 03:30 ET (0830 GMT), the yen had climbed 0.2% against the dollar, with USD/JPY trad...

ANOTHER NEWS
Stocks end lower on worries over coronavirus outbreak
Saturday, 25 January 2020 04:19 WIB Stocks ended lower Friday, giving up early gains after authorities confirmed a second U.S. coronavirus case. The Dow Jones Industrial Average fell around 170 points, or 0.6%, to end near 28,990, according to preliminary figures, while the S&P...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.