-
US dollar soft as investors digest 'higher for longer' path
The dollar eased from a 12-week peak on Monday as traders weighed the U.S. monetary path after the Fed Chair Jerome Powell left open the possibility of further interest rate increases, while the yen hovered close to its lowest in over nine months. In an eagerly awaited speech at the annual Jackson Hole Economic Policy Symposium, Federal Reserve Chair Powell promised to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy. "We will proceed carefully as we decide whether to tighten further or, instead, to hold the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Aug 28, 2023 2:52am Aug 28, 2023 2:52am
- Bakker
- Joined Jun 2011 | Status: Member | 3247 Comments
- Comment #2
- Quote
- Aug 28, 2023 8:48am Aug 28, 2023 8:48am
- Bakker
- Joined Jun 2011 | Status: Member | 3247 Comments
- Comment #3
- Quote
- Aug 29, 2023 6:12am Aug 29, 2023 6:12am
- gchiorlu
- | Joined Oct 2022 | Status: Member | 5 Comments
- Comment #4
- Quote
- Aug 29, 2023 7:14am Aug 29, 2023 7:14am
- Bakker
- Joined Jun 2011 | Status: Member | 3247 Comments