Focus on Fed Chair's Testimony as France Faces Political Gridlock
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#0265b35c ver:2.12

Traders await Fed Chair Jerome Powell's testimony for clues on interest rates, as the US dollar faces downward pressure. The euro remains stable after France's hung parliament, easing fiscal stability concerns. Market participants anticipate a rate cut in September, with a 76% probability priced in. Consumer price data later in the week will also impact market sentiment. European indices closed lower due to political gridlock in France. Powell's remarks will focus on inflation, economic slowdown, and labor market conditions. Gold attempts a bounce, while the Australian dollar strengthens and the Japanese yen weakens. #Fed #interestrates #euro #inflation #gold...

#newstr #JeromePowell #RateCuts #UsDollar #MonetaryPolicy #France #Eur/usd #GermanTradeSurplus #Gbp/usd #RetailSales #BankOfEngland 

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