Saturday, 20 July 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dollar weaker versus peers on Fed Powell's 'patient' comments
Friday, 11 January 2019 07:59 WIB | CURRENCIES |DOLLARDolar AS

The dollar held a soft tone versus its peers on Friday, on rising expectations the U.S. Federal Reserve may hit the pause button on monetary tightening if the economy slows this year.

Fed Chairman Jerome Powell reiterated on Thursday the U.S. central bank has the ability to be patient on monetary policy given that inflation remains stable. Markets are now pricing in no further rate hikes by the Fed this year.

Sentiment was cautious in early Asian trade on a lack of concrete details from the United States and China on any progress made in their trade dispute after a three-day meeting in Beijing. The two sides are more than halfway through a 90-day truce agreed by U.S. President Donald Trump and his Chinese counterpart Xi Jinping.

The dollar index was marginally lower at 95.5 on Friday. The index has fallen around 2.2 percent since mid-December on expectations that a slowdown in growth, both in the United States as well as globally, will restrict the Fed from raising rates in 2019.

The safe-haven yen strengthened 0.1 percent to 108.32 per dollar, reflecting investors' cautious wait-and-see mode.

The euro gained 0.1 percent at $1.1502, after losing 0.4 percent of its value in the previous session.

Elsewhere, sterling traded marginally firmer, fetching $1.2752 in early Asian trade with traders focused on the progress of Brexit.

Source: Reuters

RELATED NEWS
Dollar steadies after rise in bets on bigger Fed rate cut...
Friday, 19 July 2019 15:16 WIB

The U.S. dollar recovered slightly in early Friday trading, having fallen heavily after dovish comments from a key policymaker bolstered expectations of an aggressive interest rate cut this month. At...

Dollar Under Pressure After Fed Fuels Bets On Large Rate Cut...
Friday, 19 July 2019 08:43 WIB

The dollar was on the defensive on Friday after Federal Reserve officials bolstered expectations of an aggressive rate cut this month to address weakening price pressures. At a central banking confer...

Sterling recovers from lows, helped by strong retail sales...
Thursday, 18 July 2019 16:30 WIB

The British pound rose on Thursday after stronger-than-expected retail sales numbers and as traders betting against the currency took some profits following this week's plunge, which came amid new con...

Dollar slips on softer U.S. yields; Aussie shines...
Thursday, 18 July 2019 15:21 WIB

The dollar broadly edged lower against its rivals on Thursday after softer U.S. Treasury yields in the wake of weak U.S. housing data sapped demand as investors focused their attention on a Fed meetin...

AUD/JPY Surges 20+ Pips After Australia Employment Data...
Thursday, 18 July 2019 09:05 WIB

Despite witnessing a drop in seasonally adjusted Employment Change, the AUD/JPY pair takes the bids to 75.64 during early Thursday. The Australian Bureau of Statistics released June month employment ...

LATEST NEWS
Hong Kong stocks close week on a high (Review)

Hong Kong shares ended the week on a strong note Friday, jumping more than one percent on hopes for a sharp interest rate cut by the Federal Reserve later this month. The Hang Seng Index added 1.07 percent, or 303.74 points to 28,765.40. The...

Stocks Skid Lower to End Worst Week Since May Smid Disappointment on Fed Rate-cut Plans

U.S. stocks finished firmly lower Friday, capping the worst week for equities since the end of May, as doubts about the magnitude of an expected rate cut by the Federal Reserve softened the buying mood on Wall Street. The Dow Jones Industrial...

Oil Gains For The Session, But U.S. Prices Drop Over 7% For The Week

Oil futures finished higher Friday after reports that Iran seized a U.K.-flagged ship in the Gulf of Oman. Prices still settled lower for the week, however, on worries about a slowdown in demand. The market saw an "insane downward trend in crude...

POPULAR NEWS
Gold Prices Settle at a More Than 6-Year High
Thursday, 18 July 2019 01:05 WIB

Gold futures climbed Wednesday to settle at their highest since May 2013, finding support from weakness in the dollar and expectations that the...

Gold notches back-to-back gains to hit another 6-year peak
Friday, 19 July 2019 02:24 WIB

Gold futures fell on Thursday after the precious commodity notched a fresh six-year high Wednesday, prompted by a cocktail of lower debt yields, a...

Hong Kong stocks end with losses (review)
Thursday, 18 July 2019 03:31 WIB

Hong Kong stocks retreated on Wednesday, hit by concerns about the China-US trade row and uncertainty over the Federal Reserve's interest rate...

Gold Holds Drop as U.S. Data Counter Powell Speech
Wednesday, 17 July 2019 09:25 WIB

Gold held a decline as better-than-projected U.S. data raised doubts over the Federal Reserve™s monetary policy path after an expected...