The Dollar Rises Before Powell’s Speech
The Dollar Index (DXY) follows the dollar versus a basket of six other currencies. It rose 0.2% to 108.623 at 03:10 ET (07:10 GMT), just under its highest level in
The Dollar Index (DXY) follows the dollar versus a basket of six other currencies. It rose 0.2% to 108.623 at 03:10 ET (07:10 GMT), just under its highest level in
The rouble stood 1.5% more vulnerable versus the USD at 61.49 at 1029 GMT. It left the limited range between 59.45 and 61.45, where it had finished nine trading sessions
The figures are expected around 1230 GMT. Headline inflation should run at a high of 8.7%. It retreated from June’s 9.1%. Moreover, core inflation should be at 0.5% monthly. Some
Futures markets predict that U.S. interest rates will peak by December this year compared with June 2023 at the start of July, and the Federal Reserve will cut interest rates
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