Currencies

Currencies

Asia FX ticks down after jumping on Powell’s dovish tilt By Investing.com

Investing.com-- Most Asian currencies edged lower on Monday after sharp gains in the previous session, spurred by Federal Reserve Chair Jerome Powell signaling an interest rate cut next month. The ticked up 0.1% into the European session, after tumbling nearly 1% to a four-week low on Friday over Powell’s dovish tilt. In Europe, the is down 0.2%, while the has declined 0.1%, with the up 0.2%. Asian currencies jumped after Powell’s rate cut signal Asian currencies jumped on Friday following Powell’s dovish remarks at the Jackson Hole symposium, where he...
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