US dollar gains as odds drop on Hassett being made Fed chair
I'm PortAI, I can summarize articles.
The US dollar strengthened after President Trump indicated he may keep economic adviser Kevin Hassett in his current role, reducing speculation about his appointment as Fed Chair. The dollar index rose 0.06% to 99.41, bolstered by positive labor market data. Meanwhile, Japan's Finance Minister warned of potential intervention to support the yen, which had weakened to an 18-month low. The yen gained 0.3% against the dollar, while bitcoin fell 0.77% to $94,812.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments