Market Comment | USD reached 6-week high on Powell’s testimony

Summary

The negative mood continued in financial markets after Fed Chairman Powell’s remarks, which were perceived as hawkish, while investors will be closely watching his second day of testimony (see). Against this backdrop, yesterday’s trend continued, with a higher USD (reaching to 6-week highs) and lower global stocks (the VIX Index rising above 20 points). The adverse market […]

Geographies

Topics