The US dollar’s bullrun may be finally coming to and end after comments from the US Federal Reserve president Jerome Powell that the US central bank may take a more cautious approach with regards to raising interest rates.

As early as last month, the Fed President was upbeat about the state of the US economy which lead investors to believe that more rate hikes were on the way in 2019 but comments today left the market wondering just how many rate hikes were in store or any at all.

Powell’s talk to the American Economic Association were the trigger for the scepticism

"We will be patient as we watch to see how the economy evolves," Powell said

Even a solid Non Farm payrolls report, which smashed expectations failed to aid the dollar which was also a worrying sign

"I think he Powell was not as forceful as some people, myself included, expected him to be. That is what took a bit of the wind out of the sails of the dollar, especially after a somewhat solid nonfarm payroll report," said Alfonso Esparza, senior currency analyst at OANDA in Toronto.

After the comments the greenback was sold off heavily against the major currencies and only time will tell if it is temporary or maybe the start of something bigger.

"Powell's comments that the Fed is prepared to alter policy expectations quickly and flexibly are weighing on the U.S. dollar and giving risk sentiment a boost," said Eric Viloria, FX strategist at Credit Agricole in New York.

"Overall, Powell’s tone is cautious which is contributing to U.S. dollar softness," he said.

المواد المنشورة في في هذه الصفحة تم إنتاجها من قبل شركات فيبو جروب، ولا ينبغي اعتباره كتقديم المشورة في مجال الاستثمار بهدف التوجيه رقم 2004/39/EC. علاوة على ذلك لم يتم إعدادها وفقا للمتطلبات القانونية لهدف تعزيز استقلال أبحاث الاستثمار ولا يخضع إلى أي حظر على التعامل قبل نشر أبحاث الاستثمار.

Analyst

عالم التداول ليس له اي حدود

التجارة على CFD والتي هي صكوك صعبة, مرتبطة بمخاطر الفقدان السريع للأموال بسبب الرافعة المالية. نسبة 58% من المستثمرين يخسرون اموالهم اثناء التداول على CFD. عليك ان تأخذ بعين الأعتبار خطر امكانية فقدان جميع اموال الأستثمار في حال عدم دراسة كيفية التداول بالعقود على فرق الأسعار  

IMPORTANT: Please be informed, that our services are available for Professional Clients only. Our website is currently under review for the implementation of the correspondent amendments.

ملاحظة هامة
بالنقر على "متابعة" سيتم توجيهك إلى موقع تديرها شركة فيبو جروب، ليميتد مسجلة في جزر فيرجن البريطانية والتي ينظمها منتدى التعاون الأمني. يمكنك التعرف على شروط اتفاقية العميل بالانتقال وفق هدا الرابط. انقر على زر "إلغاء" لتبقى على هذه الصفحة.