Dollar Evens as FX Markets Concentrate on Powell
After a late-session comeback for Wall Street, global stocks increased, while U.S. Treasury yields were a touch higher. Equity markets have had a soft start to the year, declining because
After a late-session comeback for Wall Street, global stocks increased, while U.S. Treasury yields were a touch higher. Equity markets have had a soft start to the year, declining because
The U.S. dollar surged forward on Monday as investors bet that U.S. inflation would support a case for higher interest rates. At the same time, the European Central Bank stuck
Key inflation reports should become public in the coming week. Federal Reserve Chairman Jerome Powell will testify Tuesday at his nomination hearing before a Senate panel. In contrast, the hearing
A climb in U.S. Treasury yields on anticipations for a Fed rate hike this year have supported the dollar, with those foreseeing at most minuscule a 25-basis-point hike at the
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