Powell's Speech and Job Data in Focus as Dollar Climbs on Yield Surge U.S. Treasury yields are bolstering the dollar, putting pressure on low-yielding currencies like the Japanese yen and Chinese yuan. This trend is driven by expectations of a Trump presidency leading to higher tariffs and government borrowing. Investors are closely watching Federal Reserve Chair Jerome Powell’s upcoming speech and U.S. job openings data for further market direction. The dollar index has risen, while the euro has retreated slightly following the French election results. Analysts suggest that Powell’s potentially optimistic stance on disinflation could pose downside risks for the dollar. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Biden's Exit Sparks Gold Price Fluctuations as Traders Weigh Implications READ MORE Gold Rises on Rate Cut Expectations Before Inflation Data READ MORE American Gold Eagles – The Most Popular Gold Bullion Coin in the United States READ MORE Tether Introduces Gold-Backed Stablecoin Alloy READ MORE Weak U.S. Jobs Report Boosts Gold Prices As Many Speculate About Fed Rate Cuts READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment