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Speaking at the European Central Bank Forum in Sintra, Portugal, Powell noted that designing monetary policy tightening to avoid a US recession is certainly possible but not guaranteed..
rise dollar indexwhich measures the value of green currency Against a basket of six competing currencies, 0.593 percent to 105.07, as investors sought to seek safety in US assets amid falling global stock markets due to the increasing risks of recession. But the dollar index is still below its 10-year high of 105.79 hit two weeks ago.
The euro fell 0.74 percent to 1.044 dollars. It is widely believed that European Central Bank It will raise interest rates in July for the first time in 10 years to cool accelerating inflation.
The Japanese yen jumped to 137.0 once morest the euro, its highest level since 1998, before paring its gains. but Japanese currency It fell 0.29 once morest the US currency to 136.55 yen to the dollar.
Among other major currencies, the Swiss currency jumped once morest the euro to 1.0034 francs, its highest level since 2015 .
In the cryptocurrency market, it declined Bitcoin 0.72% to $20,107.70, while Ethereum fell 4.39 percent to $1,109.25.
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Speaking at the European Central Bank Forum in Sintra, Portugal, Powell noted that designing monetary policy tightening to avoid a US recession is certainly possible but not guaranteed..
rise dollar indexwhich measures the value of green currency Against a basket of six competing currencies, 0.593 percent to 105.07, as investors sought to seek safety in US assets amid falling global stock markets due to the increasing risks of recession. But the dollar index is still below its 10-year high of 105.79 hit two weeks ago.
The euro fell 0.74 percent to 1.044 dollars. It is widely believed that European Central Bank It will raise interest rates in July for the first time in 10 years to cool accelerating inflation.
The Japanese yen jumped to 137.0 once morest the euro, its highest level since 1998, before paring its gains. but Japanese currency It fell 0.29 once morest the US currency to 136.55 yen to the dollar.
Among other major currencies, the Swiss currency jumped once morest the euro to 1.0034 francs, its highest level since 2015 .
In the cryptocurrency market, it declined Bitcoin 0.72% to $20,107.70, while Ethereum fell 4.39 percent to $1,109.25.
