Markets await U.S. rate updates
Markets continue to await the Federal Reserve Chairman Jerome Powell's speech, as the dollar reached a one-week high against major currencies. This comes amid increasing fears of renewed purchases of long-term bonds, which could weaken the dollar and impact monetary policy. Meanwhile, the euro and British pound declined near their lowest levels in a week, and the yen steadied at 159.34 against the dollar, with expectations of a monthly increase of 1.3%. Investors are now eager to understand the stance of the U.S. Federal Reserve on monetary policy and inflation levels.
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