US dollar inches lower as dovish Powell comments offset upbeat jobs data

Q: How long will it take to read this news story?

The story "US dollar inches lower as dovish Powell comments offset upbeat jobs data" has 989 words across 32 sentences, which will take approximately 5 - 9 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "US dollar inches lower as dovish Powell comments offset upbeat jobs data" was covered 2 days ago by Channel News Asia, a news publisher based in Singapore.

Q: How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news. The outlet is headquartered in Singapore and publishes an average of 20 news stories per day. It's most recent story was published 1 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21464172</li><li>URL: https://beamstart.com/news/us-dollar-inches-lower-as-17199498692271</li></ul>

Channel News Asia Logo Channel News Asia 2d ago

US dollar inches lower as dovish Powell comments offset upbeat jobs data - Channel News Asia

Quick Summary:

NEW YORK :The dollar slipped on Tuesday in thin, choppy trading after Federal Reserve Chair Jerome Powell struck a moderately dovish tone in his comments, suggesting that the U.S.central bank is more than likely to start its easing cycle later this year.

Job openings, a measure of labor demand, rose 221,000 to 8.140 million on the last day of May, according to the Job Openings and Labor Turnover Survey or JOLTS report.

Against the euro, the yen touched a lifetime low of 173.67 on Monday and was just shy of that level on Tuesday, while against the Australian dollar the yen was near its lowest in 33 years as carry trade remained attractive.