Dollar explodes higher, Powell signals more rate rises
Summary: The Dollar Index exploded higher after Fed Chair Jerome Powell signalled that he is prepared to act to deal with surging inflation. USD/DXY,
Source: fxstreet.com
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Summary: The Dollar Index exploded higher after Fed Chair Jerome Powell signalled that he is prepared to act to deal with surging inflation. USD/DXY,
The direction of the EUR/USD into the close on Friday will likely be determined by trader reaction to 1.1455 and 1.1439.
Gold is 0.1% lower this morning, as it is fluctuating following the recent advance. What about the other precious metals?
- According to South African 3-week study based on
Japan's wholesale inflation hits record high as price pressure broadens