For the Powell speech, the dollar is rising

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The US currency reached an 11-month high against the Chinese yuan on Friday, while the pound fell from a three-week high.

The New Zealand dollar noted the largest cross-currency movement during the session and jumped from a low of 3-1 / 2 years after the head of the country's central bank said that he was "satisfied" with current interest rates, making expectations were exceeded for more immediate interest rate cuts after a strong relaxation. This month.

Powell will deliver his long-awaited speech later today at a central banker meeting in Jackson Hole, and doubts have been raised about a new monetary easing after two Fed officials said they saw no reason to cut interest rates again in the absence of new signs of a weak economy. .

The dollar today rose to 106.59 yen, but recently traded in a range and within a week the greenback is up 0.2 percent against the yen.

The dollar index, which tracks the performance of the greenback against a basket of six major currencies, rose 0.2 percent to 98,344 and is on its way to earnings for the second week.

For domestic transactions, the yuan fell to 7.0961 against the dollar, the weakest level since March 2008, and for foreign transactions, the yuan fell to 7.0987.

The pound fell 0.3 percent to $ 1.2230, and the pound is still on its way to profit for the second week, but uncertainty remains high about how Britain completes its separation from the European Union.

The New Zealand dollar rose 0.4 percent to $ 0.6390, the largest daily gain since August 8, and jumped 0.5 percent to 68.09 yen.

The euro was stable at $ 1,070 and is on track for the second weekly decline against the greenback.

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The US currency reached an 11-month high against the Chinese yuan on Friday, while the pound fell from a three-week high.

The New Zealand dollar noted the largest cross-currency movement during the session and jumped from a low of 3-1 / 2 years after the head of the country's central bank said that he was "satisfied" with current interest rates, making expectations were exceeded for more immediate interest rate cuts after a strong relaxation. This month.

Powell will deliver his long-awaited speech later today at a central banker meeting in Jackson Hole, and doubts have been raised about a new monetary easing after two Fed officials said they saw no reason to cut interest rates again in the absence of new signs of a weak economy. .

The dollar today rose to 106.59 yen, but recently traded in a range and within a week the greenback is up 0.2 percent against the yen.

The dollar index, which tracks the performance of the greenback against a basket of six major currencies, rose 0.2 percent to 98,344 and is on its way to earnings for the second week.

For domestic transactions, the yuan fell to 7.0961 against the dollar, the weakest level since March 2008, and for foreign transactions, the yuan fell to 7.0987.

The pound fell 0.3 percent to $ 1.2230, and the pound is still on its way to profit for the second week, but uncertainty remains high about how Britain completes its separation from the European Union.

The New Zealand dollar rose 0.4 percent to $ 0.6390, the largest daily gain since August 8, and jumped 0.5 percent to 68.09 yen.

The euro was stable at $ 1,070 and is on track for the second weekly decline against the greenback.

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