US Dollar Quiet On Thursday Ahead of Powell Speech

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

The US dollar (USD) traded on a softer tone in the London session on Thursday a few days after refreshing multi-decade highs. The laidback market mood comes as traders remain on the sidelines ahead of the US Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium on August 26.

Risk-related currencies like the Aussie (AUD) and Kiwi (NZD) are dominating currencies in the market today, while the euro (EUR), Sterling (GBP), and Loonie (CAD) traded weakly along with the dollar.

The Australian dollar, which has ties to the Chinese markets, recorded notable gains today after China’s economic outlook lifted. The Chinese yuan also printed much-needed gains thanks to the outlook shift.

Asian and US Equities On the Rise

Asian equity markets, including the Hong Kong HSI, China Shanghai SSE, and Singapore Strait Times, all recorded decent gains in the Asian session on Thursday. Also, US equity markets printed decent gains as well, indicating a rise in risk appeal among traders. shutterstock 146839337 min

In Japan, the JGB yield is up as Bank of Japan (BoJ) member Toyoaki Nakamura explained in a recent speech that “Japan’s economy is still in the midst of recovering from the pandemic-induced slump.” Nakamura also noted:

“Shifting to a monetary tightening stance, at a time when demand remains short of supply, would hurt the economy and act as a big restraint to household and business activity.”

The BoJ official further explained: “While core consumer inflation may accelerate toward year-end due to rising prices of energy, food, and durable goods, such a boost will likely dissipate,” adding “Japan is not yet in a situation where it can achieve our price target in a sustained, stable fashion.”

Over in New Zealand, data reports showed that the nation’s retail sales volume dropped by 2.3% (QoQ) in Q2 2022 to NZ$ 26 billion, drastically underperforming expectations of a 1.7% QoQ rise. Also, 10 of 15 industries recorded lower seasonally adjusted sales volume in Q2 compared to the previous quarter.


You can purchase Lucky Block here. Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *