-
US Dollar holds firm as Fed hawks urge early taper ahead of Powell's speech
The dollar held firm on Friday after the U.S. Federal Reserve's hawkish wing called for tapering bond purchases as investors looked to a highly-anticipated speech by Fed Chair Jerome Powell later in the day. The dollar index stood at 93.032, bouncing back from Thursday's low of 92.807 as the euro traded at US$1.1755, having eased from the previous day's high of US$1.1779.The common currency was not helped by a survey showing German consumer sentiment darkened heading into September due to accelerating inflation and rising COVID-19 cases. Sterling also dropped to US$1.3703. Against the yen, the dollar stood little ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Aug 27, 2021 6:13am Aug 27, 2021 6:13am
- AnniLi
- | Commercial Member | Joined Jan 2015 | 2212 Comments
- Comment #2
- Quote
- Aug 27, 2021 7:08am Aug 27, 2021 7:08am
- NaseemSheikh
- | Joined Jun 2021 | Status: Junior Member | 1 Comment
- Comment #3
- Quote
- Aug 27, 2021 9:16am Aug 27, 2021 9:16am
- funzodundee
- Joined Mar 2010 | Status: Member | 53 Comments