NEW YORK, Jan 11 ― The US dollar hovered near the middle of its recent range against major peers today as traders looked to incumbent Fed Chair Jerome Powell's nomination hearing later in the day for new clues on the timing and pace of policy normalisation.
It hit a more than 16-month high of 96.938 on November 24 amid increasing hawkishness from Fed policy makers, but has since been stuck between that level and 95.544, touched less than a week later, despite a continued ramping up of rhetoric that now has Wall Street banks forecasting four quarter-point rate hikes this year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Powell to target inflation at confirmation, face trading scrutiny | Malay MailWASHINGTON, Jan 11 ― Federal Reserve Chair Jerome Powell will highlight the central bank's efforts to fight inflation and stabilise the US economy at his confirmation hearing, according to testimony released yesterday. However, the Republican will likely also face questions about his ethics from...
Source: malaymail - 🏆 1. / 86 Read more »
Dollar ticks up as case for March Fed hike grows | Malay MailLONDON, Jan 10 — The dollar ticked up today amid rising bets US inflation will bolster the case for higher interest rates while the European Central Bank’s dovish stance on rising prices weighed on the euro. The dollar had met with selling late last week after a weaker-than-expected headline US...
Source: malaymail - 🏆 1. / 86 Read more »
US dollar firm as inflation test looms | Malay MailSYDNEY, Jan 10 — The dollar started the week with support as traders bet US inflation data and appearances from several Federal Reserve officials would bolster the case for higher interest rates. After dipping on Friday, the greenback stood around its 200-day moving average against the euro at...
Source: malaymail - 🏆 1. / 86 Read more »
Powell to target inflation at confirmation, face trading scrutiny | Malay MailWASHINGTON, Jan 11 ― Federal Reserve Chair Jerome Powell will highlight the central bank's efforts to fight inflation and stabilise the US economy at his confirmation hearing, according to testimony released yesterday. However, the Republican will likely also face questions about his ethics from...
Source: malaymail - 🏆 1. / 86 Read more »
Dollar ticks up as case for March Fed hike grows | Malay MailLONDON, Jan 10 — The dollar ticked up today amid rising bets US inflation will bolster the case for higher interest rates while the European Central Bank’s dovish stance on rising prices weighed on the euro. The dollar had met with selling late last week after a weaker-than-expected headline US...
Source: malaymail - 🏆 1. / 86 Read more »