EUR/USD (EURUSD=X)
- Investing.com
Dollar steady; Fed speakers could provide impetus
The U.S. dollar traded in a tight range Tuesday, steadying as traders looked for new clues over the expected timing and extent of Federal Reserve rate cuts this year. The dollar is basically steady Tuesday, but has drifted higher so far this week after several Fed officials called for continued policy caution, even after data last week showed an easing in consumer price pressures in April. Vice Chair Philip Jefferson said on Monday that it was too early to tell if the slowdown is "long lasting," and Vice Chair Michael Barr noted that restrictive policy needs more time, dulling hopes for early cuts.
- Investing.com
Dollar steadies ahead of FOMC minutes, a deluge of Fed speakers
The U.S. dollar traded in a steady fashion Monday, at the start of a new week that is set to provide more clues over the future path of U.S. interest rates. The dollar was hit last week after a slowdown in U.S. inflation lifted the likelihood of interest rates cut by the Federal Reserve this year. There was something of a recovery as several Fed officials, specifically members of the bank’s rate-setting committee, said that they needed much more confidence that inflation was coming down, beyond some easing inflation in April.
- Investing.com
Dollar steadies, but on track for sharp weekly loss
The U.S. dollar edged higher in European trade Friday, but was on track for a hefty weekly fall after cooling inflation and weak retail sales brought Federal Reserve rate cuts back into focus. The dollar has recovered to a degree as several Fed officials, specifically members of the bank’s rate-setting committee, said that they needed much more confidence that inflation was coming down, beyond some easing inflation in April. "I now believe that it will take longer to reach our 2% goal than I previously thought," St. Louis Federal Reserve president Loretta Mester said on Thursday, adding that further monitoring of incoming data will be needed.
