US Dollar Weakens as Powell Suggests Easing Cycle Amid Lower Yields and Concerns Over Biden Presidency
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#332a5058 ver:0.45

The US dollar weakened as Federal Reserve Chair Jerome Powell hinted at an easing cycle, causing US bond yields to decline. Concerns over President Biden's presidency and easing Treasury yields persisted, while the yen remained close to a 38-year low against the dollar. The euro remained strong, supported by local inflation figures, and the Australian dollar saw a slight increase. Traders monitored the possibility of Japanese intervention in the currency market. #USD #Fed #economy #inflation...

#newstr #UsDollar #FederalReserve #JeromePowell #UsCentralBank #UsJobOpenings #RateCut #TreasuryYields #Yen #Euro #Sterling #UkElection #JapaneseIntervention #JoeBiden #AustralianDollar #China'sYuan 

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