By Gina Lee
Investing.com – The dollar was up Thursday morning in Asia after US Federal Reserve Chairman Jerome Powell rejected the possibility of negative rates.
In a highAfter expected speech Wednesday, Powell joined a list of makers to ward off the performance, even after Fed futures began to price a chance negative The United States is aiming for the next year.
“The committees’ views on negative rates have really not changed. This is not something we [the Federal Open Market Committee] looking at, “ he said.
the that tracks greenback against a basket of other currencies obtained 0.03% to 100.317 with 11:47 AM ET (4:47 IS GMT).
“The dollar managed to bounce back after Powell’s comments on negative rates, but now the bias of the dollar is pretty neutral. There may be some safe-haven flows into the dollar, but everyone faces the same financial problems caused by coronavirus. “Takuya Kanda, general manager of the research department at the Gaitame.com Research Institute, told CNBC.
the couple was down 00.11% to 106.91.
the pairs solve 0.29% to 0.6435 after Australian Statistics Bureau reported a record of 594,300 in April.
In the meantime couple solves 0.04 % to .5988. The Kiwi government distributes its budget later in the day, which is expected to include tax incentives to repair COVID-19 financial damages.
the New Zealand Reserve Bank also highlighted the possibility of negative interest rates a day earlier.
the couples got 0.08% to 7.0969. Investors will be watching China first quarter Industrial production. retail and investment data, released on Friday, to measure the speed of its recovery, even as the country is fighting another wave of outbreaks.
the couple was down 0.18% to 1.2207th
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