DJIA29348.10
LIVE50.46(0.17%)
NDX9173.73
LIVE48.73(0.53%)

Dollar Holds Gains After Fed Minutes Temper Rate Cut Expectations


Thursday, 22 August 2019 09:08 WIB

DOLLAR


c_740_198_16777215_00_images_assets_CURRENCY2_dlrbillyo.JPG

The dollar held gains on Thursday after minutes from the Federal Reserve's last policy meeting hosed down some aggressive expectations the central bank would embark on a series of deep interest rate cuts.

Asian currencies are expected to trade in tight ranges on Thursday ahead of U.S. Federal Reserve Chairman Jerome Powell's speech at Jackson Hole on Friday for signs of just how far the U.S. central bank is prepared to lower rates.

His comments are of particular interest after an inversion in the Treasury yield curve highlighted the risk that the U.S. economy may fall into recession. While the Fed's minutes tempered some dovish expectations, markets still broadly expect further rate cuts as growth slows.

At the Fed's last meeting in July, the U.S. central bank cut interest rates for the first time in a decade to 2.00-2.25%. The Fed next meets Sept. 17-18.

The dollar held steady at 107.79 yen following a 0.36% gain on Wednesday, its biggest since Aug. 13.

Against the Swiss franc , the dollar traded at 0.9822, close to a two-week high of 0.9831.

Source : Reuters


RELATED NEWS

  • The U.S. dollar is largely unchanged in European trade early Thursday, as a degree of calm prevails following the signing of the Sino-U.S. trade deal. At 03:25 ET (08:25 GMT), the euro traded at $1.1...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.