Wednesday, 21 August 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dollar Under Pressure After Fed Fuels Bets On Large Rate Cut
Friday, 19 July 2019 08:43 WIB | CURRENCIES |DOLLAR

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 conference on Thursday, New York Fed President John Williams argued for pre-emptive measures to avoid having to deal with too low inflation and interest rates.

Although a New York Fed representative subsequently said Williams' comments were academic and not about immediate policy direction, investors still took his remarks along with separate comments from Fed Vice Chair Richard Clarida as a dovish signal from the central bank.

The dollar stood at 107.42 yen , up 0.15% in early trade, having hit a three-week low of 107.21 on Thursday while the euro also slipped 0.15% to $1.12555 from $1.1282. On the week, the dollar is down 0.4% versus the yen and almost flat on the euro.

The dollar index, which hit a two-week low of 96.648, bounced to 96.824.

Source : Reuters

RELATED NEWS
Dollar Nudged Off Three-Week Peak as U.S. Yields Dip Before Jackson Hole Meet...
Wednesday, 21 August 2019 08:47 WIB

The dollar was on the defensive on Wednesday, elbowed off a three-week peak by a reversal in U.S. yields as they headed south again ahead of a meeting of central bankers, at which the Federal Reserve ...

Euro Tests Lows Ahead of Expected No-Confidence Vote in Italy...
Tuesday, 20 August 2019 15:22 WIB

The dollar was little changed in early trading in Europe Wednesday but starting to build momentum against the euro at the start of a day where politics is likely to dominate economics. The euro was a...

AUD/USD Clings to 0.6760/65 After RBA Minutes...
Tuesday, 20 August 2019 09:15 WIB

The AUD/USD pair remains modestly changed at 0.6765 after the Reserve Bank of Australia (RBA) released minutes of its August 07 meeting on early Tuesday. Although the Aussie central bank left its mon...

Dollar Near Three-Week High as Thaw In Risk Aversion Lifts Yields...
Tuesday, 20 August 2019 08:02 WIB

The dollar held near a three-week high on Tuesday, as expectations global economies would unleash fresh stimulus and an improvement in appetite for riskier assets lifted yields on U.S. government bond...

Euro gains after biggest weekly drop in 6 weeks as risk appetite returns...
Monday, 19 August 2019 15:13 WIB

The euro steadied on Monday after suffering its biggest weekly drop in nearly two months as risk appetite gradually returned to global markets after a week of turmoil. With hopes of fiscal stimulus f...

LATEST NEWS
Gold Holds Gain as Trump Says Not Ready to Make Deal

Gold held an advance as President Donald Trump showed no urgency to resolve the trade conflict with China, saying he wasn™t ready to make a deal, while investors awaited more clues on monetary policy. Trump...

Hong Kong Stocks Start With Fresh Losses

Hong Kong stocks opened lower on Wednesday, extending the previous day's losses and tracking a negative lead from Wall Street as investors await news of developments in the China-US trade spat. The Hang Seng Index dipped 0.27 per cent, or 71.00...

Dollar Nudged Off Three-Week Peak as U.S. Yields Dip Before Jackson Hole Meet

The dollar was on the defensive on Wednesday, elbowed off a three-week peak by a reversal in U.S. yields as they headed south again ahead of a meeting of central bankers, at which the Federal Reserve is expected to give clues on further rate...

POPULAR NEWS
Gold ends lower as stock-market rebound dulls haven shine
Tuesday, 20 August 2019 02:20 WIB

Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor...

Gold Drops 2nd Day on Rising Stocks, Trade Comments
Monday, 19 August 2019 09:39 WIB

Gold declined for a second day as investors favored riskier assets and weighed President Donald Trump™s comments on trade talks with...

Gold ends higher, recoups some recent losses as bond yields slide
Wednesday, 21 August 2019 01:55 WIB

Gold futures climbed on Tuesday, with a slide in U.S. Treasury yields helping the haven metal recoup more than a third of what it lost a day...

Hong Kong stocks end with big gains (Review)
Tuesday, 20 August 2019 03:55 WIB

Hong Kong shares jumped more than two percent Monday following a healthy lead from Wall Street with investors cheered by positive comments on trade...