FOCUS OF THE DAY: Speech of the US Federal Reserve Chairman Powell
The speech of the US Federal Reserve Chairman Powell will take place on Tuesday, at 19:00 Kiev time.
After Mr. Powell’s speech at the Fed’s press conference last month, when further tightening of the Fed’s policy was reported, the US dollar received significant support that can be seen still. The US currency will receive restrained support again if the tone of the Fed Chairman will be similar at the upcoming speech.
On the other hand, restraint in the statements of Mr. Powell can limit the growth of the American dollar or even put pressure on the background of overbought of the US dollar. (Anton Hanzenko)
Do not miss the most important speech of this week!
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