Continued buying of the US dollar is prevailing this week.
the impression from last week’s FOMC meeting and the weak US employment statistics at the end of last week initially led to a weakening of the dollar as yields on US Treasuries fell. However, a series of comments from major central bank officials have made the US dollar stronger this week. Yesterday, Federal Reserve Chair […]
Powell, Chair of the Federal Reserve, to Deliver Speech
Jerome Powell, the Chair of the Federal Reserve (FRB), is scheduled to deliver a speech at the economic symposium hosted by the Federal Reserve Bank of Kansas City (Jackson Hole Symposium). According to the minutes of the Federal Open Market Committee (FOMC) meeting held on July 25-26, released the previous week, most participants recognized that […]