Gaurav Kashyap expects the greenback to move higher next month
There was a burst of volatility when Jerome Powell delivered his speech and initially the US equites tumbled, and the US dollar rallied.
The dollar's performance varied at the beginning of the week against the major currencies in the markets after the release of US jobs data.
Today, the financial markets are eyeing the Non-farm payroll report issued from the US Bureau of Labor Statistics in the wake of the Fed’s intention to tighten its monetary policy. The Fed will likely hike its rate for the first time since late 2018, next March when it ends the massive asset purchase program of $120 billion a month.
Gaurav Kashyap expects the greenback to move higher next month
While the outlook is brighter for the US dollar, it is less rosy for the British pound
The US dollar is proving a stable plank in an increasingly volatile currency environment.
While many of leading currencies maintained their ranges, US markets entered a strong buying phase
While the dollar tested new strengths following the recent Fed meeting, its bullish outlook may have run out of steam.
Gaurav Kashyap says the current pullback over the last few days is only natural
The greenback's recent rally has seen it achieve five-month highs
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