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CCY - CCY Delayed price. Currency in USD
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0.6809-0.0008 (-0.1171%)
As of 03:20AM GMT. Market open.
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    Dollar slumps on Powell's comments; Yen benefits the most

    The U.S. dollar slumped in early European trade Thursday after Federal Reserve chair Jerome Powell pointed to smaller rate hikes ahead, boosting risk appetite to the detriment of this safe haven. "Moderating the pace of rate increases may come as soon as the December meeting," Powell said in a speech on Wednesday at the Brookings Institution event in Washington. USD/JPY fell 1.1% to 136.50, dropping to a three-month low as U.S. yields fell in response to Powell's comments, with the benchmark 10-year yield dropping to a near two-month low of 3.6%.


    Dollar slips lower; Powell speech, GDP data due

    GBP/USD rose 0.1% to 1.1963, the risk-sensitive AUD/USD rose 0.5% to 0.6718, while USD/JPY fell 0.1% to 138.50, despite Japan’s factory output falling for the second consecutive month in October.