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U.S. Dollar Falls Amid Concerns Over Fed Leadership

RTTNews | 14 दिनों पहले

U.S. Dollar Falls Amid Concerns Over Fed Leadership

(RTTNews) - The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, after reports suggested that President Donald Trump is considering the potential removal of Federal Reserve Chair Jerome Powell very soon.

Trump reportedly asked House Republicans about the dismissal of Powell on Tuesday, triggering concerns about the Fed's independence.

Later, Trump clarified that he has no immediate intention of firing Powell.

The President has repeatedly criticized Powell for not cutting interest rates.

The greenback declined to 6-day lows of 1.1721 against the euro and 0.7947 against the franc, from an early more than 3-week high of 1.1562 and a 3-week high of 0.8061, respectively. The next possible support for the currency is seen around 1.18 against the euro and 0.77 against the franc.

The greenback dropped to 2-day lows of 1.3485 against the pound and 146.90 against the yen, from an early nearly 2-month high of 1.3364 and a 3-1/2-month high of 149.18, respectively. The greenback may find support around 1.37 against the pound and 145.00 against the yen.

The greenback fell to 1.3679 against the loonie, 0.6554 against the aussie and 0.5970 against the kiwi, from an early nearly 3-week high of 1.3755, 8-day high of 0.6495 and more than a 3-week high of 0.5912, respectively. The greenback is poised to challenge support around 1.34 against the loonie, 0.68 against the aussie and 0.61 against the kiwi.

टैग: GBPUSD EURUSD USDCAD USDCHF USDJPY

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Yen Rises After BoJ Rate Decision

Yen Rises After BoJ Rate Decision

The Japanese yen strengthened against other major currencies in the Asian session on Thursday, following the Bank of Japan's decision to increase its inflation forecast for the fiscal year while maintaining steady interest rates.

RTTNews | 12घंटे 24 मिनट पहले

Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.

RTTNews | 12घंटे 50 मिनट पहले

Yen Rises Ahead Of Fed And BoJ Policy Decisions

Yen Rises Ahead Of Fed And BoJ Policy Decisions

The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, as traders remain cautious ahead of Federal Reserve and Bank of Japan policy decisions.

RTTNews | 1 दिन पहले

Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.

RTTNews | 1 दिन पहले

U.S. Dollar Higher Ahead Of Fed Decision

U.S. Dollar Higher Ahead Of Fed Decision

The U.S. dollar was higher against its most major counterparts in the New York session on Tuesday, as investors awaited the Federal Reserve's interest rate decision on Wednesday.

RTTNews | 1 दिन पहले

U.S. Dollar Rises As Traders Focus On U.S. Data, Trade Talks

U.S. Dollar Rises As Traders Focus On U.S. Data, Trade Talks

The U.S. dollar strengthened against other major currencies in the European session on Tuesday, as traders awaited the outcome of ongoing U.S.-China talks in Stockholm, key U.S. economic indicators and upcoming Fed and BoJ rate decisions. Top economic officials from both nations held over five hours of negotiations on Monday to resolve longstanding economic disputes and lay the groundwork ahead of a leaders' summit in the autumn.

RTTNews | 2 दिनों पहले

U.S. Dollar Rises Against Majors

U.S. Dollar Rises Against Majors

The U.S. dollar strengthened against other major currencies in the European session on Tuesday.

RTTNews | 2 दिनों पहले

Euro Falls Against Majors

Euro Falls Against Majors

The euro weakened against other major currencies in the pre-European session on Tuesday.

RTTNews | 2 दिनों पहले

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