{"id":858,"date":"2018-07-17T05:32:34","date_gmt":"2018-07-17T05:32:34","guid":{"rendered":"https:\/\/forexvarsity.com\/welcome\/?p=858"},"modified":"2018-07-17T05:32:34","modified_gmt":"2018-07-17T05:32:34","slug":"dollar-pares-gains-before-fed-chairmans-testimony","status":"publish","type":"post","link":"https:\/\/forexvarsity.com\/welcome\/dollar-pares-gains-before-fed-chairmans-testimony\/","title":{"rendered":"Dollar pares gains before Fed chairman&#8217;s testimony"},"content":{"rendered":"<p><span>\u00a0<\/span>The dollar pared gains against its major peers on Tuesday, edging lower as investors awaited Federal Reserve Chairman Jerome Powell&#8217;s first congressional testimony for any clues on the pace of U.S. interest rate rises.<\/p>\n<p>Powell will testify on the economy and monetary policy before the U.S. Senate Banking Committee at 1400 GMT on Tuesday, followed by a testimony at the same time on Wednesday to the House of Representatives Financial Services Committee.<\/p>\n<p>&#8220;It seems that the markets are focusing on whether or not the trade war between the U.S. and China may affect the outlook for the Fed&#8217;s tightening,&#8221; said Masafumi Yamamoto, chief currency strategist at Mizuho Securities.<\/p>\n<p>&#8220;Powell, who is Republican and close to the Trump administration, will not stress much about the negative side of the U.S.-China trade war,&#8221; said Yamamoto, who expects dollar-yen to gradually strengthen to 115.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0The dollar pared gains against its major peers on Tuesday, edging lower as investors awaited Federal Reserve Chairman Jerome Powell&#8217;s first congressional testimony for any clues on the pace of U.S. interest rate rises. Powell will testify on the economy and monetary policy before the U.S. Senate Banking Committee at<a class=\"moretag\" href=\"https:\/\/forexvarsity.com\/welcome\/dollar-pares-gains-before-fed-chairmans-testimony\/\"> Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,10,1],"tags":[],"class_list":["post-858","post","type-post","status-publish","format-standard","hentry","category-homepage","category-latest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=858"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/858\/revisions"}],"predecessor-version":[{"id":859,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/858\/revisions\/859"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}