Breaking: EUR/USD surges to six-week high on Powell's dovish comments

Powell would first want to see a significant and persistent rise in inflation before raising rates. While he says it is only his personal view, the US dollar is dropping across the board.

EUR/USD hits 1.1135, the highest since early November.

-- more to come

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Dec 11, 2019

Powell speech: Would have to see significant, persistent move up in inflation to hike rates

Following the Federal Open Market Committee's (FOMC) decision to keep the federal funds unchanged within the target rate of 1.5% - 1.75%, Jerome Powel

Powell speech: It has been very challenging to get inflation back to 2% target

Following the Federal Open Market Committee's (FOMC) decision to keep the federal funds unchanged within the target rate of 1.5% - 1.75%, Jerome Powel