Forex — Dollar Rises after Fed Chairman speculation





© Reuters. US dollar rises after Fed Chairman speculation.

Investing.com — of The dollar against other currencies in a two-week high on Tuesday amid speculation of the next Federal Reserve chair could be.

The President of the United States, Donald Trump Trump said Monday he was «very, very close» to his decision. Fed Governor Jerome Powell and the Stanford University economist John Taylor are the leading candidates for the next Fed Chairman. The greenback was strengthened, as both candidates are thought to be more radical than the current Fed chair, Janet Yellen, also called as for a second term.

The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.10% 93.81 11:21 PM ET (4:21 PM GMT).

The dollar against the yen, with USD/JPY up 0.43% rose to 113.92.

The Euro was slightly higher after data showed Tuesday that the euro-zone slowed to the private sector slightly in October, but more at a steady pace.

EUR/USD moved slowly advancing 0.12% at 1.1763.

Sterling continued to fall amid concern that the United Kingdom was slow. GBP/USD was down 0.56% to 1.3122.

Both the new Zealand and Australian dollars were down against the dollar, as concerns about the new government, the kiwi hit. NZD/USD slumped 0.99% on 0.6897, while AUD/USD slipped by 0.40% to 0.7777.



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