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Dollar Price Hike Again | Latest Dollar Price In Pakistan | Dunya News

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The dollar languished near a one-month low against a basket of currencies on Thursday, after Federal Reserve Chair Jerome Powell stuck to his usual messaging at his semi-annual testimony, offering little room for surprise.

Sterling was perched near a one-year high ahead of the Bank of England's (BoE) interest rate decision later in the day, with Wednesday's hot inflation report likely to keep policymakers on their toes.

In remarks to lawmakers on Capitol Hill on Wednesday, Powell said further U.S. rate increases are "a pretty good guess" of where the Fed is heading if the economy continues in its current direction. Those comments were in line with what the central bank said at its policy meeting last week.
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Category
Asia
Tags
dollar price, dollar price today, dollar price in pakistan today
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