SINGAPORE : The dollar eased on Wednesday after Federal Reserve Chair Jerome Powell failed to offer fresh signs of a hawkish pushback against a resilient labour market in the United States, leading investors to bet that interest rates may not rise much further.In a question-and-answer session before the E
SINGAPORE : The dollar eased on Wednesday after Federal Reserve Chair Jerome Powell failed to offer fresh signs of a hawkish pushback against a resilient labour market in the United States, leading investors to bet that interest rates may not rise much further.
Powell"didn't necessarily say something that was tangibly new .... I think we're becoming quite accustomed to the idea that the Fed now is certainly data dependent," said Chris Weston, head of research at Pepperstone. The greenback had a short-lived rally following Friday's blockbuster jobs report, which showed that nonfarm payrolls had surged by 517,000 jobs last month.
Japan's government is considering presenting to parliament its nominees for the next Bank of Japan governor and two deputy governors sometime next week, sources told Reuters.
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