DJIA39807.37
LIVE47.29(0.12%)
NDX18254.69
LIVE-26.15(-0.14%)

Dollar Climbs on Powell's Sobering Outlook


Thursday, 14 May 2020 15:59 WIB

Indeks DolarDolar ASGBP/USDEUR/USD


The U.S. dollar has seen demand in early European trade Thursday, as risk aversion reigned on the back of Federal Reserve Chairman Jerome Powell's sobering outlook for U.S. economic growth and his ruling out of negative interest rates.

At 2:55 AM ET (0655 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.37, up 0.1%. EUR/USD fell 0.1% to 1.0807, while GBP/USD dropped 0.3% to 1.2187.

Powell joined a list of policymakers to fend off the notion of negative U.S. rates in a webcast Wednesday. He also pledged to use the U.S. central bank's power as needed, but suggested that it might not be enough to avoid deep economic damage without more fiscal support.

Source : Investing.com


RELATED NEWS

  • The dollar was slightly offered, heading for a second day of losses amid very thin flows as traders took to the sidelines ahead of a slew of policy-rate decisions due this week. The Bloomberg Dollar ...

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.