The USD is Steadily Declining in Asian Trade
Powell, Chairman of the Federal Reserve, will speak today, Tuesday, 7 February 2023, at 1740 GMT, 1240 US ET.
I thought we were ahead of schedule, but FX has other plans. The Australian, New Zealand, British, Japanese, and Canadian dollars are all higher than the US dollar. The EUR/USD is also up, but not as well.
There is no new news or data other than what has already been posted.
The next significant event is the RBA statement, which is scheduled for 0330 GMT, 2230 US ET. A rate hike of +25 basis points is widely anticipated.
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