Jerome Powell — News Archive

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Euro Recovers as US NFP Report Misses by a Wide Margin

The euro today rallied from its daily lows after the release of the disappointing US non-farm payrolls report in the early American session. The EUR/USD currency pair had been under intense selling pressure following the release of weak German industrial production data earlier today.

US Dollar Edges Higher on US-China Talks, Jobs Numbers

The US dollar is edging slightly higher on Thursday against several major currency rivals, driven by a potential de-escalation in US-China trade tensions and optimism over the upcoming August jobs numbers. The flurry of positive economic data also contributed to the greenback’s rebound.

Chinese Yuan Dips as US Trade War Revs Up on Tariffs, ‘Enemy’ Tweet

The Chinese yuan is weakening against multiple currency rivals at the end of the trading week. The yuan’s slide is being driven by another escalation in the ongoing US-China trade spat. Expectations of bearish industrial profits and manufacturing data have also contributed to the currency’s latest dip.

US Dollar Soft Under Pressure from Various Negative Fundamentals

The US dollar gained against its Australian and Canadian counterparts but otherwise was rather soft today. There were plenty of reasons for the dollar’s weakness: the outlook for interest rate cuts, escalation of the US-China trade war, and poor US housing data.

US Dollar Higher on Fed Rate Cut Fallout, Capped by New Trump Tariffs

The US dollar is gaining on several major currency rivals in public trading on Thursday. But the US Dollar Index is heading in the opposite direction, falling below 98.5. The Federal Reserve’s cut to interest rates, President Donald Trump’s new tariffs on China, and economic data are driving the greenback’s trade.

Euro Falls to Multi-Year Lows on FOMC, Recovers on Weak US Data

The euro today recovered most of its daily losses against the US dollar following the release of weak US manufacturing data in the early American session. The EUR/USD currency pair had fallen to a multi-year low in the Asian session following the Federal Reserve‘s hawkish rate cut before rallying higher later.

Sterling Crashes to New 27-Month Lows on Hard Brexit Fears

The Sterling pound today fell to new 27-month lows against the US dollar as markets reacted to a poor UK jobs report and the uncertain British political environment. The GBP/USD currency pair was also adversely affected by comments from the two remaining Conservative Party candidates saying that the Irish backstop was dead.

US Dollar Mixed on PPI, Index Slips Below 97

The US dollar is mixed against most currencies at the end of the trading week, driven by the latest inflation numbers. The greenback is also finding direction on expectations that the central bank will cut interest rates at the end of the month, according to signals during this week’s semi-annual testimony in front of Congress and latest Federal Open Market Committee (FOMC) minutes.

Euro Rallies on Powell’s Testimony, Retreats on Upbeat US CPI Data

The euro today rallied higher in the Asian session as investors reacted to Jerome Powell‘s dovish comments during his testimony before Congress. The EUR/USD currency pair later fell from its daily highs in the American session following the release of upbeat US inflation data.

Japanese Yen Strengthens Despite Plenty of Unfavorable Data

The Japanese yen is strengthening against several currencies on Thursday, despite plenty of weak data suggesting that the world’s third-largest economy could be cooling down. The yen might be gaining steam on two things: expectations that the central bank could follow the Federal Reserve’s lead and slash interest rates or breathe a sigh of relief that the US and China have renewed trade talks.

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