Federal Reserve Chair Powell's Testimony and Impact of U.S. Supply on Market
Tuesday, 9 July 2024, 11:05
Market Update: Federal Reserve and U.S. Supply
In today's subdued market environment, attention is on Federal Reserve Chair Powell's impending testimony and the significant surge in U.S. supply.
Dollar Performance:
The dollar is holding steady against major currencies, demonstrating a modest upward bias when compared to emerging market counterparts.
- G10 Currencies: Stable trading ranges amidst anticipation of Powell's remarks.
- Emerging Markets: Dollar showing slight strength, impacting exchange rates.
Stay informed about the potential market fluctuations and the impact of Powell's statements on currency valuations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.