Dollar Gains as Traders Trim Rate Hopes Before Powell Speech
Friday, 23 August 2019 15:20 WIB | CURRENCIES |DOLLARCurrency Indeks Dolar

The dollar was broadly higher in early trading in Europe Friday in generally quiet trading ahead of a keenly-awaited speech by Federal Reserve Chairman Jerome Powell at 10 AM ET (14:00 GMT).

At 3:30 AM, the dollar index, which tracks the greenback against a basket of currencies, was up some 0.2% from late Thursday's levels at 98.222, with its biggest gains coming against the lower-yielding yen and Swiss franc.

Elsewhere, the Chinese yuan slid to a new 11-year low for the second day in a row, while sterling defended the gains it made in a short squeeze on Thursday on the positive spin coming out of Prime Minister Boris Johnson's meetings with German Chancellor Angela Merkel and French President Emmanuel Macron.

Powell is under intense political pressure from the White House to cut interest rates aggressively “ President Donald Trump has called for a cut of a full percentage point “ to pre-empt a slowdown that has resulted largely from Washington's own trade policy and the fading effects of its tax cuts.

Source : Investing.com

RELATED NEWS

Safe Haven Yen Drifts Lower as Trade Tensions Ease
Monday, 23 September 2019 15:19 WIB

The safe haven yen drifted lower against the other major currencies on Monday as risk appetite improved after two days of trade talks between the U.S. and China in Washington, which were described as productive. The dollar pushed higher against the yen, climbing 0.1% to 107.72 by 2:58 AM ET (6:58GM...

U.S. Dollar Flat; Fed Officials Appearances, Brexit In Focus
Monday, 23 September 2019 13:14 WIB

The U.S. dollar was little changed on Monday in Asia. Investors will be looking ahead to appearances by a number of Federal Reserve policymakers this week, while Brexit developments also remained in the spotlight. The U.S. dollar index that tracks the greenback against a basket of other currencies ...

Dollar gives up post Fed gains, sterling hits two-month high
Friday, 20 September 2019 15:18 WIB

The dollar drifted lower on Friday after central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, and risk appetites ebbed on caution about U.S-China trade talks. Sterling hit a two-month high of $1.2566 against the greenback, after European Commission ...

Dollar erases post-Fed bounce, sterling up on Brexit deal hopes
Friday, 20 September 2019 08:24 WIB

The dollar nursed losses against most major currencies on Friday, as central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, while risk appetite ebbed on caution about U.S-China trade talks. Sterling hit a two-month high of $1.2560 against the greenbac...

Yen Rises against Dollar After BOJ Holds
Thursday, 19 September 2019 15:17 WIB

The yen rose from a seven week low against the U.S. dollar on Thursday after the Bank of Japan kept monetary policy on hold, in the wake of the Federal Reserve™s overnight decision to cut rates. The dollar was down 0.44% to 107.95 yen by 2:32 AM ET (6:32 GMT) after the BoJ kept policy on hold, as...

POPULAR NEWS
Saturday, 21 September 2019 03:33
Hong Kong Stocks Close Down
Saturday, 21 September 2019 03:27
Wall Street Falls as Trade Optimism Fizzles
ANOTHER NEWS
Emas berjangka menetap di level tertinggi lebih dari 2 pekan
Tuesday, 24 September 2019 00:59 WIB Emas berjangka naik pada hari Senin untuk menetap di level tertinggi dalam lebih dari dua pekan. Lemahnya data ekonomi zona eropa meningkatkan kekhawatiran atas perlambatan ekonomi global, serta ketidakpastian seputar perundingan perdagangan AS...

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.