US Dollar Dollar Edges Higher Testimony to Congress

FX Signals – The dollar stabilized in early European trade Tuesday, after handing back some of the previous week’s gains during the previous session, with traders awaiting testimony from Federal Reserve Chair Jerome Powell in the wake of the central bank’s hawkish turn.

Dollar Edges Lower Brexit

At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 92.002, bouncing after dropping 0.5% on Monday.

USD/JPY was up 0.1% at 110.44, EUR/USD dropped 0.1% to 1.1904, after gaining 0.4% overnight, GBP/USD fell 0.2% to 1.3906, trying to hold on to its overnight bounce, while the risk-sensitive AUD/USD was down 0.3% at 0.7514.

Dollar Edges Lower amid Fed Meeting

The dollar index gained 1.9% last week, its biggest weekly rise since March 2000, and it was perhaps understandable that traders cashed in some of those gains during Monday’s session.

Fed officials have already started the process of explaining their thinking, with New York Fed president John Williams taking a dovish tone Monday, saying more economic progress is needed before the central bank should begin to scale back some of its support.

However, others, including Dallas Fed President Robert Kaplan and his colleague in St. Louis, James Bullard, expressed views more in line with the change of overall tone at the central bank, calling for an early discussion over tapering the central bank’s ongoing bond purchases.

FX Signals – Dollar Down as Rally from Powell Speech Subsides

US Dollar Dovish Powell Limits Gains

US Dollar Dollar Edges Higher Testimony to Congress

FX Signals Dollar ahead of Powell Testimony

US Dollar Dollar Edges Higher Testimony to Congress

Subscribe to our Signals and start receiving Forex Day Trading Signals from the very next trade! Forex Signals Learning Guides below with guide you with every trade you make! Here at FxPremiere Group we keep you updated with the Compare Forex Brokers charting system, as well as sending you Direct Forex Signals by our Telegram Services globally daily.

FX Signals

The most traded pairs of currencies in the world are called the Majors.EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD, Gold, Oil and many many more… Forex Trading comes with it high risk. We help by referring only the very best forex brokers available in the marketplace. Your in safe hands with our partners.Forex Signals Telegram Signals FxPremiere.com Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms.

US Dollar Dollar Edges Higher Testimony to Congress