Tuesday 19/Aug/2025 – 11:09 PM
The US dollar fell on Tuesday against the euro and Elin, with the concentration of dealers on the annual US Central Bank symposium to be held this week.
The market’s interest in particular is on the statements of Jerome Powell, the head of the Federal Reserve, on Friday, with the aim of clarifying whether the bank will reduce interest rates in September, according to Bloomberg.
The conflicting expectations behind the fluctuation of the dollar
Market expectations regarding interest rates are conflicting. After reporting the weak jobs for the month of July and the expression of consumer price inflation that showed a limited breakthrough, the bets increased to reduce interest rates at the September meeting, however, the price data data that came higher than expected for the month of July, in addition to Powell’s signal to his frequency in reducing interest due to the expected inflation of customs duties, eased these expectations. Culturers are currently expecting to reduce interest by a total of 54 basis points until the end of the year.
The dollar index, which measures the performance of the US currency against a basket of other currencies, decreased by 0.02% to 98.10. On the other hand, the euro rose 0.09% to $ 1.1671, and the dollar fell against the Japanese yen by 0.15% to 147.64 yen.
