Tuesday , November 24 2020

The dollar is rising to await statements from Powell Por Investing.com



© Reuters.

Investing.com – The Greenback records nearly a week and a half height on Wednesday as traders await further indications from Federal Reserve Chairman Jerome Powell on monetary forecasts.

will appear on Wednesday and answer questions about monetary policy at a municipal meeting with professors in Washington, D.C. pm. 13:00 (CET).

The currency, which follows the evolution of this currency for a basket of six other major currencies, rises 0.16% to 95.965 at 16.33 (CET).

The Federal Reserve said last week that its three-year monetary tightening campaign is nearing completion due to the slowdown in economic growth, both within and outside the country.

Meanwhile, the US's EU address on Tuesday by US President Donald Trump moved a little, but the markets allow for another government's closure if their demand for financing the border wall is not met.

The dollar falls against the yen, considered a safe paradise where the pair is 0.25% to the level of 109.67.

On the other hand, the pound recovered slightly after the inclusion of two weeks of $ 1.2926 decline after learning that the EU will not reopen the Brexit agreement as it negotiated last year. The pair rises 0.15% to the 1.2960 level.

The euro loses positions following the negative data from Germany and leaves the pair 0.25% to the level of 1.11382.

In Australia, the pair remains close to the lows recorded at 0.7129, after Australian governor Philip Lowe said in a speech that his next interest rate move could be down.

The pair is back 0.7% up to the level of 0.6842. The Canadian dollar loses positions, rising pairs 0.46% to 1.3184.

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