Best forex robot FOREX-Dollar edges higher, but stuck in range before Powell speech - Reuters thumbnail

Best forex robot FOREX-Dollar edges higher, but stuck in range before Powell speech – Reuters

Business/Investing

Best Forex (Click Here For Best Forex Techniques) robot

 * Graphic: World FX rates in 2020  tmsnrt.rs/ 2RBWI5E

( Adds details, updates rates).
By Karen Brettell.
New York City, Aug 26 (Reuters) - The dollar gained on Wednesday.
however stayed within a relatively tight variety a day ahead of a.
extremely anticipated speech by Federal Reserve Chairman Jerome.
Powell.
Powell is set up to address the U.S. reserve bank's.
policy structure review, and investors are focused on whether he.
will mean moving the Fed's inflation target to an average.
" Targeting typical inflation over time rather than setting a.
fixed 2%goal would likely imply lower rates for longer," said.
Raffi Boyadjian, senior investment analyst at online broker XM.
" If the Fed confirms such a relocation, the greenback would stand.
long shot of a significant rebound anytime quickly.".
The Fed is believed to be still settling information of its.
review, nevertheless, with a statement expected at its September.
conference.
That threats leaving investors disappointed on Thursday if.
Powell does not reveal the modification.
" Markets are expecting a dovish lean from Powell,".
Jonathan Coughtrey, handling director at Action Economics, said.
in a report. "Any sense of frustration might catalyze a.
rebound stage in the dollar, which has actually been trending lower because.
March.".
The dollar index, which tracks the greenback's worth against.
a basket of currencies was up 0.15%at 93.14
The index hit a session high of 93.37 after information revealed that.
U.S. durable products orders increased more than expected in July,.
but fell back once again.
The euro dipped 0.26%versus the greenback to.
$ 1.1802
The yuan increased toward a seven-month high at $6.6879
after U.S. and Chinese trade officials reaffirmed their.
dedication to a Stage 1 trade offer, which alleviated issues about a.
diplomatic standoff in between the world's two-largest economies.

========================================================.
Currency bid rates at 9: 35 AM (1335 GMT).
Description RIC Last U.S. Close Pct Modification YTD Pct High Quote Low Quote.
Previous Change.
Session.
Euro/Dollar EUR= $1.1802 $1.1833 -0.26% 5.28% 1.1840  1.1773
Dollar/Yen JPY= 106.2600106.3600 -0.09%-2.39% 1065500  1061700
Euro/Yen EURJPY= 125.43125.88 -0.36% 2.85% 1261400  1252800
Dollar/Swiss CHF= 0.9095 0.9075  0.22%-6.02% 0.9120  0.9075
Sterling/Dollar GBP= 1.3155 1.3150  0.04%-0.78% 1.3165  1.3118
Dollar/Canadian CAD= 1.3173 1.3168  0.04% 1.46% 1.3205  1.3159
Australian/Doll AUD= 0.7213 0.7194  0.26% 2.73% 0.7214  0.7188
ar.
Euro/Swiss EURCHF= 1.0735 1.0740 -0.05%-1.08% 1.0759  1.0734
Euro/Sterling EURGBP= 0.8970 0.8997 -0.30% 6.10% 0.9006  0.8966
NZ NZD= 0.6567 0.6546  0.32%-2.51% 0.6573  0.6545
Dollar/Dollar.
Dollar/Norway NOK= 8.9284 8.9646 -0.40% 1.71% 8.9847  8.9310
Euro/Norway EURNOK= 10.539010.5974 -0.55% 7.12% 106200  105379
Dollar/Sweden SEK= 8.7398 8.7532 -0.40%-6.50% 8.7891  8.7425
Euro/Sweden EURSEK= 10.316010.3573 -0.40%-1.46% 103736  103170

( Reporting by Karen Brettell; extra reporting by Julien.
Ponthus in London; modifying by Jonathan Oatis).