Don’t expect Powell to call the end of tightening! | MarketTalk: What’s up today? | Swissquote
The US dollar was bid on Tuesday thanks to a rapid selloff in the Japanese yen, after the Bank of Japan (BoJ) announced mini policy loosening steps that didn’t find buyers.
Besides the yen-led boost, the US dollar gained on strong quarterly employment figures. The ADP and JOLTS data are due today, the official jobs data is due Friday.
But before that, the Fed will decide. It will not hike the rates but it will hardly announce the end of its fight against inflation. Be prepared for a hawkish accompanying statement.
Elsewhere, China is not doing brilliant and this week’s...