-
Dovish surprise from Powell drives the US dollar back lower
Traders have completely turned their view on the dollar once more as Fed chair Powell has opened the door wide open to rate cuts by the Federal Reserve. In his Congressional testimony, Powell talked about the impact of the slowing global economy, the ongoing trade dispute and muted inflation. Powell seems to have been far more dovish than expected. Coupled with a set of FOMC minutes which suggested that many on the committee were open to more accommodative monetary policy, a July rate cut is now a foregone conclusion. It is just a question of size. The potential for it to be a 50 basis points cut is elevated, ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jul 11, 2019 3:56am Jul 11, 2019 3:56am
- Micc23
- | Joined May 2017 | Status: Member | 848 Comments
- Comment #2
- Quote
- Jul 11, 2019 4:23am Jul 11, 2019 4:23am
- Rakeem
- | Joined Nov 2018 | Status: Member | 399 Comments
- Comment #3
- Quote
- Jul 11, 2019 6:25am Jul 11, 2019 6:25am
- Olusanmi
- | Joined May 2019 | Status: Junior Member | 1 Comment
- Comment #4
- Quote
- Jul 11, 2019 8:01am Jul 11, 2019 8:01am
- RSBurton
- | Joined Jun 2015 | Status: Member | 3 Comments
- Comment #5
- Quote
- Jul 11, 2019 9:15am Jul 11, 2019 9:15am
- denisius
- Joined May 2017 | Status: Member | 40 Comments
- Comment #6
- Quote
- Jul 11, 2019 9:32am Jul 11, 2019 9:32am
- RSBurton
- | Joined Jun 2015 | Status: Member | 3 Comments
- Comment #7
- Quote
- Jul 11, 2019 9:49am Jul 11, 2019 9:49am
- EmpressYaya
- | Joined Feb 2019 | Status: Member | 1 Comment
- Comment #8
- Quote
- Jul 11, 2019 11:29am Jul 11, 2019 11:29am
- RSBurton
- | Joined Jun 2015 | Status: Member | 3 Comments