Fed Chair Powell’s speech to support the US Dollar – ING DollarIndex Fed Banks UnitedStates
Chair Powell. Economists at ING believe that Powell will remind the market of the central bank's hawkish determination, supporting the Dollar.“We would say that Chair Powell has recently shown to be at the more hawkish end of the spectrum and that tonight’s event risk is a positive one for the Dollar.”
“For the time being, we think the macro environment continues to favour the USD and see Powell’s speech, the October PCE price data and November jobs data as upside risks to the Dollar.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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