SINGAPORE : The U.S. dollar made a tentative start to the week on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell and looked towards for a February jobs report that will likely influence how hawkish the U.S. central bank will be. The dollar index, which measures the U.S. cur
SINGAPORE : The U.S. dollar made a tentative start to the week on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell and looked towards for a February jobs report that will likely influence how hawkish the U.S. central bank will be.
Futures imply a 72 per cent chance the Fed will raise interest rates by 25 basis points at its meeting on March 22. Recent data suggest that consumer spending is not slowing much, while the labour market is unsustainably tight, Capurso said in a note, adding that Powell would likely be hawkish in his testimony.
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