Monthly archive August, 2022

The U.S. dollar turned higher against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell reiterated that the central bank would continue raising rates aggressively to lower inflation.Original Article Read More →

The U.S. dollar gained against its major rivals on Friday, riding on Fed Chair Jerome Powell's remarks that the central bank would continue to keep interest rates higher to tame inflation.Original Article Read More →

The U.S. dollar drifted lower on Thursday, coming off near two-decade highs, as traders looked ahead to Fed Chair Jerome Powell's speech at the Jackson Hole symposium on Friday for clues on interest rates.Original Article Read More →

Underpinned by household and government spending, the German economy expanded in the second quarter, beating the initial estimates, data released by Destatis showed on Thursday. Gross domestic product grew 0.1 percent sequentially, in contrast to the flat growth estimated on Read More →

Iceland's central bank lifted its key interest rate for the fourth time this year and signaled further hikes to tame inflation. The Monetary Policy Committee of the Central Bank of Iceland decided to raise the key seven-day term deposit rate Read More →

The U.S. dollar drifted lower on Tuesday on mild hopes the Federal Reserve might soften its rate hiking cycle after data showed U.S. private sector activity contracted for a second straight month in August.Original Article Read More →