According to Investing, the USD has become more stable after somewhat mixed comments from Federal Reserve Chairman Jerome Powell on the interest rate roadmap. The greenback ended the week lower as traders booked some recent profits.
In the past week, the DXY index turned down as US Treasury bond yields continued to rise. The 10-year US Treasury bond interest rate hit 5% this week. In a recent speech, US Federal Reserve Chairman Jerome Powell reiterated that inflation in the US remains high.
According to forecasts released by the US Central Bank last month, the Fed is likely to raise interest rates by 25 basis points again this year. At the next meeting on November 1, the market still expects the Fed to keep interest rates unchanged.
In the past week, the DXY index turned down as US Treasury bond yields continued to rise. The 10-year US Treasury bond interest rate hit 5% this week. In a recent speech, US Federal Reserve Chairman Jerome Powell reiterated that inflation in the US remains high.
According to forecasts released by the US Central Bank last month, the Fed is likely to raise interest rates by 25 basis points again this year. At the next meeting on November 1, the market still expects the Fed to keep interest rates unchanged.
PREMIUM CHANNEL ✉️
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
PREMIUM CHANNEL ✉️
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/xauusdtradingfx
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.