Tag Archives: dollar

18 July: US$ and stocks higher on Powell’s upbeat testimony. EU, UKI CPI today. More from Powell later.

  Both the US$ and stock indices closed higher on Tuesday as Federal Reserve Chairman Jerome Powell expressed an optimistic view on the outlook for the US economy, while some solid earnings bolstered the outlook for a robust reporting period, allowing the Nasdaq to close at an all time high. Treasuries were unaffected by Powell’s upbeat view of… Read More »