Before Powell's speech, the dollar goes up



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And reached US currency 11 months higher against Chinese Yuan, Friday, retiring Pound sterling From the highest level for more than 3 weeks.

Mark New Zealand Dollar The largest movements between currencies during the session, from the lowest level in three and a half years after the decision of the president of the country's central bank "Satisfied" From the current interest rates, dispel the expectations of further immediate rate cuts after a strong easing this month.

Powell will deliver his much-anticipated speech later today at a meeting of central bankers at Jackson Hole, and doubts have surfaced over further monetary easing after two Fed officials said they no longer have any reason to lower interest rates in the absence of new signs of weakness in the economy. .

He climbed The dollar At 106.59 yen today, but in recent weeks, the greenback is heading for a 0.2% gain against the yen.

The dollar index, which tracks the performance of the greenback versus a basket of six major currencies, rose 0.2% to 98.344 and is expected to show gains for the second week.

In domestic transactions, the yuan fell to $ 7.0961 against the dollar, its lowest level since March 2008, and in overseas transactions, the yuan fell to 7.0987.

The pound fell 0.3% to 1.2230 dollar and the pound is expected to gain again for the second week, but uncertainty remains as to how Britain separates from the European Union .

The New Zealand dollar rose 0.4% to $ 0.6390, its largest daily increase since August 8, and jumped 0.5% to 68.09 yen.

The euro has remained stable at $ 1,070 and is on the verge of its second weekly decline against the greenback.

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The US currency hit its 11-month high against the Chinese yuan on Friday, while the pound fell from a three-week high.

The New Zealand dollar recorded the largest currency movement during the session, rising from a 3-and-a-half-year low after the country's head of central bank said it was "satisfied" with rates Interest rate, wiping out expectations of more immediate rate cuts after a strong easing. this month.

Powell will deliver his much-anticipated speech later in the day at a meeting of Central Bankers at Jackson Hole. Doubts were expressed about further monetary easing after two Fed officials declared that they saw no reason to further reduce interest rates in the absence of new signs of weakness. of the economy. .

The dollar has risen to 106.59 yen today, but has recently traded in the range. In one week, the greenback rose 0.2% against the yen.

The dollar index, which tracks the performance of the greenback versus a basket of six major currencies, rose 0.2% to 98.344 and is expected to show gains for the second week.

In domestic transactions, the yuan fell to $ 7.0961 against the dollar, its lowest level since March 2008, and in overseas transactions, the yuan fell to 7.0987.

The pound fell 0.3% to 1.2230 dollar and the pound is expected to gain again for the second week, but uncertainty remains about how Britain is separating from the European Union .

The New Zealand dollar rose 0.4% to $ 0.6390, its largest daily increase since August 8, and jumped 0.5% to 68.09 yen.

The euro has remained stable at $ 1,070 and is on the verge of its second weekly decline against the greenback.

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