The U.S. dollar held near one-week lows on Wednesday after U.S. Federal Reserve officials including Chair Jerome Powell reaffirmed tighter monetary policy was still some way off after a hawkish turn by the Fed last week caught markets off guard.
Stocks found a footing and swinging bond markets calmed down on Wednesday, with testimony from U.S. Federal Reserve chair Jerome Powell providing investors with reassurance that the central bank has an eye on inflation but is not rushing to hike rates.
Cash is still king in Switzerland, a Swiss National Bank study published on Wednesday found, although the wealthy country's citizens are increasingly turning to cards and apps for payments during the pandemic.
As German opinion polls shift dramatically from Green to conservative ahead of September's elections, the prospect of a post-pandemic rethink of euro zone fiscal policy and debt funding dims with them.
Stocks found a footing and swinging bond markets calmed down on Wednesday, with testimony from U.S. Federal Reserve chair Jerome Powell providing investors with reassurance that the central bank has an eye on inflation but is not hastening to hike rates.
The U.S. dollar remained on the back foot against major peers on Wednesday after a two-day drop as U.S. Federal Reserve officials including Chair Jerome Powell reaffirmed that tighter monetary policy was still some way off. The dollar index, which measures the greenback versus six rivals, was at 91.775 in early Asian trading, off a two-month high of 92.408 reached at the end of last
Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.
The U.S. dollar held at lower levels on Tuesday after Federal Reserve Chair Jerome Powell reaffirmed the U.S. central bank's intent to encourage a "broad and inclusive" recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation. "We will not raise interes
* Powell testifies before Congress on coronavirus and economy
* U.S. Congress to question Powell on coronavirus response today
NEW YORK (Reuters) -Brooklyn Borough President Eric Adams, a former police captain who put public safety at the center of his campaign for New York City mayor, was leading a field of 13 Democratic candidates in Tuesday's primary election, though the outcome likely won't be known for weeks.