Powell said the Federal Reserve is not in a hurry to cut interest rates, which reignited market demand for the dollar. The US index currently maintains a high range of fluctuations, and CPI data may help it achieve a breakthrough.
The dollar held steady ahead of testimony from Federal Reserve Chairperson Jerome Powell later. Swissquote Bank analyst Ipek Ozkardeskaya said in a note that Powell is expected to be cautious about cutting interest rates despite growing pressure from Trump to lower them. U.S. economic growth remains solid, the job market is healthy and inflation remains stable, she said. Trump's stimulus policies and tariff threats could also fuel inflation, she said. Powell's cautious stance on rate cuts could ...
Federal Reserve Governor Paul Waller said he did not expect the dollar to lose its reserve currency status.
The Mexican peso erased losses against the dollar.
The hawkish attitude of the Federal Reserve does not seem to be able to continue to boost the dollar. Will the narrative of American exceptionalism be impacted? The United States and Japan may be subject to both technical and fundamental pressures, with significant downside risks?
The offshore yuan rose more than 800 points against the dollar in the day, the latest reading was 7.2588, setting a new high since mid-December last year.
Musk wrote on X that if dollar inflation is addressed, all other things being equal, the dollar price for buying cryptocurrencies will actually decrease. What matters is the dollar-to-cryptocurrency ratio.
The dollar against the yen USD/JPY rose to 158.13, a new high in nearly half a year.
The pound against the dollar GBP/USD fell by more than 1.00% during the day, continuing to brush the lowest level since April 2024 and now trading at 1.2392.
This year, gold has withstood multiple pressures and risen all the way, but now the strong dollar has returned. Can gold bulls seize these main trading lines to reach new highs next year?
The won narrowed losses against the dollar to 1,414.45, down 0.8 per cent, after President Yoon Seok-hyuk said martial law would be lifted.
The won's decline against the dollar widened again to 1.6%.
The Korean won's decline against the dollar narrowed to 1%, and it once recovered the 1,420 won mark, which means that the overall "lost ground" in the day has recovered more than half.
Goldman Sachs Group said Asian central banks would proceed cautiously with further easing given the strength of the dollar and the risk of tariffs imposed by the Trump administration. Goldman Sachs does not expect the Bank of Korea to cut interest rates further this week, according to Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs. Last week, Indonesian officials have warned that the room for lowering borrowing costs has narrowed due to political developments in the United States. ...
GBP/USD fell to its lowest level since May 14, trading at 1.2577.