Jerome Powell causes Dollar surge

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Source: Dukascopy Bank SA


The Chairman of the US Federal Reserve Jerome Powell has just caused a US Dollar's surge. The head of the central bank has hosted a speech at the Jackson Hole Symposium revealing future monetary policy.

The central bank is sticking to its 2.00% inflation target. The Federal Reserve sees room for more tightening. Interest rates are expected to be increased and remain higher for longer.

Moreover, the head of the bank revealed new economic information that was not previously available to the public.
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