US Greenback Runs into Resistance Forward of Powell: GBP/USD, USD/JPY

US Greenback Runs into Resistance Forward of Powell: GBP/USD, USD/JPY

US Greenback, EUR/USD, GBP/USD, USD/JPY Value EvaluationUS Dollar power has continued by way of February commerce. Right this mom

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US Greenback, EUR/USD, GBP/USD, USD/JPY Value Evaluation

  • US Dollar power has continued by way of February commerce.
  • Right this moment marks the beginning of the Fed’s twice-annual Humphrey Hawkins testimony.
  • EUR/USD and GBP/USD have each broken-down to associate with that USD-strength.

US Greenback Continues February Rally Forward of Chair Powell

Right this moment marks the beginning of the Federal Reserve’s first dose of Humphrey Hawkins testimony for this yr. The bi-annual occasion kicks off with Chair Jerome Powell testifying in entrance of the Home Monetary Providers Committee, and tomorrow he speaks in entrance of the Senate Banking Committee. This can start with the discharge of a ready assertion from Chair Powell, which has already been launched by way of the Federal Reserve’s web site. At 10 AM ET, he’ll be served up in entrance of the respective legislative physique for Q&A that may be wide-ranging, overlaying quite a few subjects. The Home, particularly, tends to see subjects stray from financial coverage so this may make for an fascinating outing as we speak.

Throughout markets, various key themes stay within the highlight, key of which has been a extremely sturdy displaying within the US Greenback by way of early-February commerce. After a post-FOMC pullback to complete off January commerce, the US Greenback has now gained daily in February, pushing as much as recent three-month-highs forward of Chair…



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