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Dollar rallies as Federal Reserve Chairman remarks
Investors are waiting for comments by US Federal Reserve Chairman Jerome Powell at a hearing before the Senate Banking Committee later in the day.
Powell is due to take office formally after the end of the current federal president Janet Yellen's term in February.
The head of the Federal Reserve Bank in the state of "Minneapolis" American "Neil Kashkari" has stated that there is no need to raise the interest rate again as a result of low inflation rates.
While US Federal Reserve Chairman Robert Kaplan supported a 25 basis point increase in interest rates next month.
The Fed has taken two interest rate hikes since the beginning of this year, with strong expectations for a new rate hike before the end of 2017.
By 10:53 am GMT, the greenback was up against the single currency by more than 0.1% to hit $ 1.1881.
The dollar also rose against the Japanese yen by more than 0.2% to 111.33 yen after the US currency jumped against its Japanese counterpart, the lowest 111 yen for the first time since last September.
The Greenback was up 0.2% at $ 1.3293.
The dollar was up 0.1% at CHF 0.9829.
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Dollar jumps against the euro by more than 0.1% 28 November 2017 01:58 PM
The dollar rose against major currencies on Tuesday, but is still near two-month lows, as the Fed's new comments await.Investors are waiting for comments by US Federal Reserve Chairman Jerome Powell at a hearing before the Senate Banking Committee later in the day.
Powell is due to take office formally after the end of the current federal president Janet Yellen's term in February.
The head of the Federal Reserve Bank in the state of "Minneapolis" American "Neil Kashkari" has stated that there is no need to raise the interest rate again as a result of low inflation rates.
While US Federal Reserve Chairman Robert Kaplan supported a 25 basis point increase in interest rates next month.
The Fed has taken two interest rate hikes since the beginning of this year, with strong expectations for a new rate hike before the end of 2017.
By 10:53 am GMT, the greenback was up against the single currency by more than 0.1% to hit $ 1.1881.
The dollar also rose against the Japanese yen by more than 0.2% to 111.33 yen after the US currency jumped against its Japanese counterpart, the lowest 111 yen for the first time since last September.
The Greenback was up 0.2% at $ 1.3293.
The dollar was up 0.1% at CHF 0.9829.
https://www.mubasher.info/news/3194118/%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%85%D8%B9-%D8%AA%D8%B1%D9%82%D8%A8-%D8%AA%D8%B5%D8%B1%D9%8A%D8%AD%D8%A7%D8%AA-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%81%D9%8A%D8%AF%D8%B1%D8%A7%D9%84%D9%8A-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ar%2FISX%2Fnews+%28ISX+Arabic+News%29
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