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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    Dollar rises after Fed Chairman's remarks

    Rocky
    Rocky
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    Dollar rises after Fed Chairman's remarks Empty Dollar rises after Fed Chairman's remarks

    Post by Rocky Thu 19 Jul 2018, 3:44 am

    Dollar rises after Fed Chairman's remarks






    2018/07/19 11:18


    (Encyclopedia of this Day News | Iraq News ) - Live: The US dollar rose against major currencies during trading on Thursday, after the Federal President of the testimony before the Senate and before the declaration of economic data.

    In his second day testimony to the US Senate, Federal Reserve Chairman Jerome Powell said that the US economy was growing at a strong pace, supporting federal plans to raise interest rates 4 times a year.

    On the first day of his testimony, Powell announced that he saw fit to increase the interest rate 4 times a year.

    By 8:00 am GMT, the dollar rose 0.3 percent to $ 1.1610 and the yen gained 0.1 percent to 112.99 yen.

    While the US currency rose against the pound sterling at 1.3019 dollars by a rise of 0.4%, and increased against the Swiss franc by about 0.2% to 1.0008 francs.

    The main dollar index, which measures the performance of the currency against six major currencies, rose 0.3% to $ 95.339.

    On the other hand, Powell warned that he was concerned about the low rate of inflation "which has long been less than the target of the central bank."

    Unemployment Claims and the Philadelphia Industrial Production Index will be released later in the day.



    Note: The content entitled (Dollar rises after the statements of the President of the Fed) was published first on the site (direct) and does not bear the encyclopedia of this day news content in any way. 
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      Current date/time is Tue 19 Mar 2024, 1:56 am