Daily Market Review: Fed Chair Powell Testifies Before Congress, Canada CPIs Also in Focus
Channel: JFD Brokers
Date: 22/06/2022

Daily Market Review by Charalambos Pissouros

The US #dollar outperformed every other major currency yesterday and early today, with equities trading in the green in Europe and the US but turning south today in Asia. In our view, this was because very important data are on the schedule today, with the UK CPIs already out, and the Canadian #inflation numbers coming next. That said, the highlight of the day may be Fed Chair Powell’s testimony before Congress later in the day, as participants try to understand whether a triple hike will be the case at the next #FOMC gathering.

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