Fed Chair Powell’s remarks can probably see the Dollar gently bid – ING DollarIndex Fed Banks InterestRate
Chair Jerome Powell's testimony on monetary policy. The US Dollar can hold gains on limited Powell pushback, in the view of economists at ING.“The highlight of today's FX session will be Fed Chair Powell's first leg of his monetary policy testimony to Congress.”
“While welcoming the start of a broad disinflation process in early February, we doubt Powell will push back much against expectations of another 75 bps+ of Fed hikes. This should see the USD hold gains.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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