Dollar soars after Fed remarks, and investors sell off treasuries
There is a blizzard of global data and events, but it wraas Fed chair Jerome Powell's remarks on Wednesday that set the markets running
01 August 2019 - 13:50
London/Sydney — The dollar charged to its highest in more than two years on Thursday after the US Federal Reserve (Fed) spoilt hopes of a run of US interest-rate cuts.
A blizzard of global data and events was going on, but it was Fed chair Jerome Powell's remarks on Wednesday that set the markets running. Powell said the first US rate cut in over a decade was "not the beginning of a long series of rate cuts"...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.