NY foreign exchange market = dollar weakens slightly, virtual currency soars in line with the US political situation in response to FRB chairman's remarks

July 16, 2024 6:05 AM GMT+9 (some excerpts)

The dollar weakened slightly in the New York foreign exchange market. Federal Reserve (FRB) Chairman Powell's statement, which suggests the possibility that the start of cutting US interest rates is not that far off, was viewed as material.
FRB Chairman Powell attended a meeting hosted by the Washington Economic Club on the 15th and stated that the monthly inflation index for the 2nd quarter “somewhat strengthened confidence” that the pace of price increases was returning to the FRB's target in a sustainable way.