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Fx Markets

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"Market Anticipation: Fed Chair Powell's Sunday Evening Address Sparks Global FX Volatility"

Originally Published 1 year ago — by ForexLive

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Source: ForexLive

Federal Reserve Chair Jerome Powell's interview with US TV show 60 minutes, recorded prior to the bombshell jobs report, will air on Sunday evening US time, potentially impacting the Globex and Asia FX markets. Powell had previously ruled out a March rate cut, but questions remain about whether he was aware of the jobs report numbers when making that statement.

Currency Market Update: US Dollar Rises Amid PPI Data and Yield Surge

Originally Published 2 years ago — by ForexLive

Featured image for Currency Market Update: US Dollar Rises Amid PPI Data and Yield Surge
Source: ForexLive

The US dollar has strengthened and yields have risen after a slightly higher-than-expected producer price index (PPI) reading. Despite the small miss, the reaction in the FX and fixed income markets has been significant, with USD/JPY approaching 145.00. These moves may indicate an underlying bias in the market, as seen with rising yields despite a cool CPI reading the day before.