The USD Into A Static Position

The rate of the USD is into a static position after comments from Federal Reserve Chairman Jerome Powell.

Powell annnoucned that while the economy is on track right now, most likely economic advance will take place.

At the moment, the Euro trades at $1.1004, which is a very minor decline of $0.00042 or 0.04% from the previous clsoe of $ 1.10090.

The daily range is from $1.0995 to 1.1020, while the trading volume is 152.881K.

The Federal Open Market Committee reduced rates three times this year remarks from Powell imply in that the Fed is keeping downside risks in mind.

Moreover, the USD index remains static at 98.170 as of 10:50 AM ET (15:51 GMT).

In addition, the GBP slipped and now versus the USD tumbled 0.1% to 1.2836.