News and Analysis of Events and Decisions Made at the US Federal Reserve (the US Fed)
The U.S. Dollar deflated in broad overnight losses, enabling the Pound-to-Dollar exchange rate to decisively reclaim 1.39 before looking toward the landmark 1.40 handle after the Federal Reserve stayed a steady and stable monetary policy course in April.
Investors are turning to the Euro once more as they anticipate it to rise in value against the U.S. Dollar, however the mid-week meeting of the U.S. Federal Reserve could determine whether these bets face a near-term setback.
U.S. inflation is heating up according to new data out on Thursday, prompting one economist to say pressure will now build on the Federal Reserve to raise interest rates.
The Dollar almost cleared from the market the last semblances of resistance to its resurgence on Friday when besting all other major currencies, after the Federal Reserve (Fed) called time on an almost year-long reprieve from some of the onerous capital requirements typically imposed on commercial banks.
The Dollar is rising alongside the yield paid on U.S. government treasury bonds, a sure sign that the market did not buy into the Federal Reserve's message delivered at its March policy meeting.
The U.S. Dollar went from boom-to-bust in spectactular fashion late Wednesday after the Federal Reserve (Fed) caught a falling bond market in its arms and in the process burned the fingers of investors whose 'hawkish,' if-not tin-eared wagers had effectively thrown down a gauntlet for American policymakers.
The Federal Reserve's March policy event is front and centre for foreign exchange markets today and could well determine how the Dollar trades against the Pound and Euro over coming days.
EUR/USD has made a convincing break below the key 1.20 level driven by a surge in U.S. Dollar buying, after Fed Chair Powell failed to directly address a surge in U.S. bond yields.
The U.S. Federal Reserve Chairman Jerome Powell is to sit down with the Wall Street Journal for an interview today and what he says could well dicatate market direction for the next two weeks.
Expectations for higher growth and rising inflation have caused the value of the yield paid on U.S. government bonds to rise rapidly over recent weeks, tightening fiscal conditions not only in the U.S. but around the world.
A subtle shift in guidance by U.S. Federal Reserve Chairman Jerome Powell has done enough to send the Dollar lower against the Pound, Euro and other major currencies once more.
The Dollar faltered and the sell-off in bond markets resumed after Federal Reserve (Fed) Chairman Jerome Powell neglected to indulge misplaced speculation that a tapering of the bank's quantitative easing program is in the pipeline, when appearing before the Senate Banking Committee on Tuesday.
The Dollar has strengthened over the course of the past 24 hours in the wake of the Federal Reserve policy meeting, although the prime driver of the move appears to be a sharp decline in markets.
Dollar bears took no chances in advance of Wednesday's Federal Reserve (Fed) decision as all major U.S. exchange rates swung higher ahead of an event that will see awkward questions asked of Chairman Jerome Powell and potentially also investors in American stocks and bonds.
U.S. Dollar exchange rates were climbing in a risk-averse market on Friday as investors weighed the prospect of a large U.S. stimulus bill securing safe passage through Congress, a development that some analysts say would likely weigh on the Euro and support the Dollar Index.
The Dollar has pushed higher against the Euro and other major currencies on Thursday as it extends a week-long recovery, driven primarily by expectations that the Federal Reserve will need to consider withdrawing its stimulus in the future.
The U.S. Dollar cemented its position as the best performing major currency of the week on Wednesday after December inflation figures offered fools' gold to investors, in the process appearing to revive concerns about a possible 2021 tapering of the Federal Reserve's (Fed) quantitative easing programme.
The Dollar softened on Tuesday as stocks and bonds stabilised although the danger is that Federal Reserve (Fed) chatter about a tapering of its quantitative easing programme continues in the coming weeks and further tests investor sentiment as well as the market’s bearish outlook for the greenback.
The Dollar buckled again Thursday after wading knee-deep into losses against all majors in moves that risk making it a global problem currency, sooner or later and once again, as upbeat investor sentiment and Federal Reserve (Fed) policy contribute to rout that has deep-seated economic problems as its foundations.
The Federal Reserve (Fed) gave a broad but temporary lift to a bruised U.S. Dollar on Wednesday when it made what some economists perceived as an almost half-hearted attempt at aiding the world's largest economy in its battle with a third and largest wave of coronavirus infections to date.
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