- Analytics
- News and Tools
- Market News
- Asian session review: the us dollar fell slightly against major currencies
Asian session review: the us dollar fell slightly against major currencies
During today's Asian session, the US dollar fell slightly against major currencies, while the yen rose slightly as investors waited for the speech of many Fed representatives. The movement of currencies was insignificant due to a public holiday in Japan.
Investors also expect the FTSE Russell to include China in its global government bond index on Thursday, which is likely to trigger even more investment inflows and support the national currency.
In the short term, analysts said the Fed's long-term interest rate commitments will affect the dollar, although close attention will be paid to comments from FOMC members this week to get more clues about the new approach to inflation.
Fed Chairman Jerome Powell is scheduled to appear before congressional committees later this week, while Fed members Lael Brainard, Charles Evans, Raphael Bostic, James Bullard, Mary Daly and John Williams will also make public speeches.
"The dovish Fed will remain a negative backdrop for the dollar," said Terence Wu, OCBC Bank strategist.
"Powell's testimony (on Tuesday) will attract attention, but for now, the Fed is probably done playing its cards."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
