Dollar swoons as Powell soothes policy fears; CPI test looms - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The dollar slid to its weakest since November against major peers on Wednesday, after Federal Reserve Chair Jerome Powell said it may take several months to make a decision on running down the central bank’s $9 trillion balance sheet.

The dollar index, which measures the greenback against six major peers, dipped to 95.563 in the Asian session, the lowest since November 30.

But he said policymakers were still debating approaches to reducing the Fed’s balance sheet, and said it could sometimes take two, three or four meetings for them to make such decisions. Atlanta Fed President Raphael Bostic, for example, said on Monday that high inflation and a strong recovery warrant a rapid rundown of Fed asset holdings.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

African philanthropy helps business leaders create a more equal, inclusive worldSPONSORED | Postgraduate study in African Philanthropy at Wits Business School is about sculpting leaders who put themselves 'last in the line to receive' For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: BDliveSA - 🏆 12. / 63 Read more »