NEW YORK, Feb 25 ― Dovish testimony from Federal Reserve Chair Jerome Powell yesterday bolstered bets on reflation and fears of inflation, driving the US dollar to fresh three-year lows against commodity-linked currencies including the Canadian, Australian and New Zealand dollars. Powell.
25 Feb 2021 / 13:35 H.
(Corrects paragraph 4 spelling of analyst s name) Powell sticks to message of ultra-easy policy for some time yet Recovery hopes boost commodity currencies and British pound Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Feb 25 (Reuters) - The safe-haven U.S. dollar languished near three-year lows versus riskier currencies on Thursday as continued dovish signals from the Federal Reserve stoked reflation bets. The greenback sank to a fresh low against the Australian dollar, and held near lows set overnight against its British, Canadian and New Zealand peers. Fed Chair Powell reiterated on Wednesday that the central bank would not adjust policy until the economy is clearly improving, and would look through any near-term inflation spike. The remarks to the House of Representatives Committee on Financial Services mirrored his testimony before the Senate the day before. Powell made it very clear that the improvement in the econom
Dollar languishes near three-year lows as Fed s Powell stokes reflation bets reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/dollar-hits-fresh-three-year/"></div>NEW YORK (Reuters) – Dovish testimony from Federal Reserve Chair Jerome Powell on Wednesday bolstered bets on reflation and fears of inflation, driving the U.S. dollar to fresh three-year lows against commodity-linked currencies including the Canadian, Australian and New Zealand dollars. Powell reiterated on Wednesday that U.S. interest rates will remain low and the Fed […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/dollar-hits-fresh-