Here is what you need to know on Thursday, September 26: After witnessing a solid turnaround in American trading on Wednesday, the US Dollar (USD) pauses its recovery and remains in a consolidative mode heading into the European opening bells on Thursday.
Here is what you need to know on Thursday, September 26: After witnessing a solid turnaround in American trading on Wednesday, the US Dollar pauses its recovery and remains in a consolidative mode heading into the European opening bells on Thursday. Traders turn cautious and refrain from placing fresh bets on the USD before the release of the pre-recorded speech by US Fed eral Reserve President Jerome Powell.
For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD /JPY . BloombergNewsand Reuters reported earlier that China is considering injecting capital worth CNY1 trillion into top state-owned banks, in a further effort to shore up the economy.
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