The statements of the president of the FED, Jerome Powell, as well as the imminent publication of inflation data, pressed the downward currency.
He global dollar He fell and broke a three -day run streak, since the markets became increasingly insensitive to tariff threats of USA while they collected the testimony of the president of the Federal Reserve (Fed), Jerome Powellwho discarded short -term discounts.
He dollar index —That measures the performance of the green ticket in relation to a basket of six other foreign exchange currencies – fell in front of a coin basket 0.28% to 108.06. Last week it rose 0.37%, in its greatest daily increase in almost a month, after the US employment data. Analysts said the Risks of import tariffs Americans persisted, but there were good reasons to monitor the foundations.
He euro rose 0.38% to $ 1.0345. yenthe dollar strengthened 0.3% to 152.45, while the pound sterling 0.47% was strengthened to $ 1,2422.
Powell’s signs about rates
“The economy is strong in general and has achieved significant progress towards our goals in the last two years,” Powell said, referring to a rate of unemployment 4% considered close to the level of plenary employment, and one inflation lower, although even more than half a percentage point above the objective of the Fed.
“We know that reducing political moderation too quick interest rates.
Powell’s testimony in the Senate is the first of two days of hearings in the Capitol that occur while the Fed fights with the impact that the policies promulgated and expected by the president Donald Trump They have in an economy that, according to many indicators, already has a good performance.
The hierarch also refused to comment on the tariff policies of the Trump administration, but acknowledged that there have been problems in the commercial front.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
