{"id":51670,"date":"2023-01-11T09:54:59","date_gmt":"2023-01-11T07:54:59","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=51670"},"modified":"2025-10-17T12:20:31","modified_gmt":"2025-10-17T09:20:31","slug":"usd-remains-stable-world-bank-projections-are-gloomy","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/ms\/usd-remains-stable-world-bank-projections-are-gloomy\/","title":{"rendered":"USD remains stable World Bank projections are gloomy"},"content":{"rendered":"

The greenback tended to remain rather stable against its counterparts on a rather quiet Tuesday, yet also during today\u2019s Asian session. On the monetary front, Fed Chairman Powell failed to excite markets as the comments made were not related to monetary policy as such but rather a denial of a deeper involvement of central banks in climate change. That came in contrast to ECB board member Schnabel who tended to favor such an involvement of the bank and that the ECB should step up its efforts towards that end. US stock markets were in the greens yesterday as there seems to be extended optimism that inflationary pressures in the US economy are to cool further and in turn could ease the Fed\u2019s aggressive hawkish stance. On the other hand, the threat of a possible recession still looms over the US economy, but also on a global level and we note that the projections for the economic performance from the World Bank<\/a>, released yesterday, tend to underscore the negative outlook.<\/p>\n\n\n\n

\n