Rolling coverage of the latest economic and financial news
The US dollar is strengthening against some rival currencies today.
It’s jumped by 1% against the Norwegian crown, and is also up 0.65% against the Australian dollar – and 0.35% against the Canadian currency.
The US dollar has been better bid since Friday, with the dollar index rebounding around 1% off four-year lows following news that the Federal Reserve may have a new Chair.
Kevin Warsh was chosen to be the next Fed President and will replace Jerome Powell if confirmed.
Continue reading…Rolling coverage of the latest economic and financial newsThe US dollar is strengthening against some rival currencies today.It’s jumped by 1% against the Norwegian crown, and is also up 0.65% against the Australian dollar – and 0.35% against the Canadian currency.The US dollar has been better bid since Friday, with the dollar index rebounding around 1% off four-year lows following news that the Federal Reserve may have a new Chair.Kevin Warsh was chosen to be the next Fed President and will replace Jerome Powell if confirmed. Continue reading…
