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Topic

usa currency market

Dollar slips after Fed's Powell downplays inflation fears

Dollar slips after Fed's Powell downplays inflation fears

Published 23 Jun, 2021 07:33pm
  • The dollar jumped after the Fed surprised markets on June 16 by saying that policymakers are forecasting two interest rate hikes in 2023.
  • Dollar gains have faded after Mr. Powell downplayed higher inflation lasting for very long.
Dollar edges higher before Powell; Bitcoin drops

Dollar edges higher before Powell; Bitcoin drops

Published 22 Jun, 2021 07:16pm
  • The dollar index gained 0.11% to 91.998, but is holding below a two-month high of 92.408 reached on Friday.
  • The euro fell 0.09% to $1.1906 and the dollar gained 0.30% to 110.69 Japanese yen.
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