Yesterday, USD strengthened against most major currencies except GBP, NZD and CAD.
During yesterday’s testification, Federal Reserve Chairman Jerome Powell highlighted that inflation and employment levels are far from the central bank’s targeted levels, implying that monetary policy will likely remain unchanged in the near future.
The Conference Board Consumer Confidence data (Actual: 91.3, Forecast: 90.2, Previous: 89.3) released yesterday indicated an increase in the level of optimism in the current and future economic conditions.
Powell will be testifying on the Semiannual Monetary Policy Report before the House Financial Services Committee later at 2300 (SGT).
During this time, volatility in USD is expected.
During yesterday’s testification, Federal Reserve Chairman Jerome Powell highlighted that inflation and employment levels are far from the central bank’s targeted levels, implying that monetary policy will likely remain unchanged in the near future.
The Conference Board Consumer Confidence data (Actual: 91.3, Forecast: 90.2, Previous: 89.3) released yesterday indicated an increase in the level of optimism in the current and future economic conditions.
Powell will be testifying on the Semiannual Monetary Policy Report before the House Financial Services Committee later at 2300 (SGT).
During this time, volatility in USD is expected.
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