Dollar Index Stays Cautious As Powell Maintains Balanced Tone; US Data In Focus
The US dollar is staying cautious along the sidelines on Wednesday morning in Asia awaiting further clarity from US data due later this week that could throw some light on Federal course of action. US 10-year Treasury note yield steadied around 4.3% on Wednesday, finding some support after Federal Reserve Chair Jerome Powell reiterated the central banks cautious approach on interest rate cuts. Powell said the Fed needs more supporting data that inflation is moving sustainably toward 2% before reducing rates. Читать дальше...