Federal Reserve Chair Waller’s remarks failed to support the U.S. dollar, with the Bloomberg Dollar Spot Index down as much as 0.4% on Friday and on track for its worst weekly showing since Sept. 4. The dollar weakened against most major currencies, while the euro moved higher. Waller, speaking at the International Monetary Fund’s annual meeting, did not comment on monetary policy. Investors meanwhile pared back bets that the Federal Reserve will raise rates this month. The move left the dollar under pressure through the session and pointed to a weaker weekly close.
Federal Reserve Chair Waller’s remarks did not lift the U.S. dollar.
The Bloomberg Dollar Spot Index fell as much as 0.4% on Friday and was set for its worst weekly performance since Sept. 4. The dollar weakened against most major currencies, while the euro rose.
Speaking at the International Monetary Fund’s annual meeting, Waller did not comment on monetary policy. Investors also trimmed bets on a Federal Reserve rate hike this month.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
