Tag: U.S. Dollar
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Powell’s Doubts on December Cut Boosts the U.S. Dollar and Dampens the Debasement Trade
Powell’s Reservations Stifle December Rate-Cut Bets The U.S. dollar has been under pressure in recent weeks as traders looked for signs that the Federal Reserve would ease policy in December. Instead, a series of remarks from Fed Chair Jerome Powell introduced fresh doubt about whether the central bank would cut rates this year, prompting renewed…
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Dollar Strengthens Ahead of U.S. Inflation Data
Dollar Gains Ground in Forex Market In the New York forex market, the U.S. dollar has shown resilience, strengthening against most major currencies except for the Japanese yen. This movement comes ahead of the highly anticipated U.S. inflation indicators set to be released this week, leading traders to adjust their positions accordingly. Upcoming Inflation Reports…