The EUR / USD exchange rate is approaching 1.02.  The market reacts to Powell's wordsThe market reacted to Powell’s first words with a stronger dollar. It took a while, however. In the following minutes, when Powell mentioned that he was seeing some signs of a slowdown in the economy, the dollar went on the defensive again. Further decisions will be heavily dependent on the data and Powell noted that the Fed will be offering less “clear hints” about future interest rate moves.

Powell will weaken the dollar?

US indices are rising. EUR / USD is approaching 1.02 and gold is gaining strongly and is already at 1734 USD per ounce. After the statements of the Fed president, the market assumes interest rate cuts in the next year, when the US economy will be in a weak condition. There is a decline in yields in the debt market. US 10-year treasury bills “go down” to 2.73 percent. and 5-year-olds to around 2.80 percent

The author also recommends:

Follow us on Google News. Search for what’s important and stay up to date with the market! Watch us >>