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U.S. Dollar Flat Ahead of Powell's Speech


Wednesday, 10 July 2019 15:09 WIB

DOLLAR Indeks Dolar


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The U.S. dollar was flat on Tuesday in Asia as expectations of aggressive interest rate cut reduced following a strong jobs report released late last week.

The U.S. dollar index that tracks the greenback against a basket of other currencies was unchanged at 96.977 by 1:12 AM ET (05:12 GMT).

As many as 10 U.S. central bankers, including Federal Reserve chairman Jerome Powell, are set to speak this week. The Fed’s June meeting minutes are also due on Wednesday.

Data released last Friday showed a sharp rebound in U.S. job growth in June and reduced expectations that the Fed will cut interest rates by 50 basis points when it meets at the end of July.

Source : Investing.com


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