White House Adviser Hassett: Outlook for Fed having room to cut rates is going to be very solid
Kevin Hassett, Senior Adviser for the White House told Fox Business on Tuesday that they expect a rapid reduction in energy prices once the Strait of Hormuz is reopened.
Key takeaways
We expect rapid reduction in energy prices once Strait of Hormuz opens.
Outlook for Fed having room to cut rates is going to be very solid.”
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.38% | -0.54% | -0.40% | -0.30% | -0.60% | -0.78% | -0.49% | |
| EUR | 0.38% | -0.15% | -0.04% | 0.08% | -0.20% | -0.38% | -0.12% | |
| GBP | 0.54% | 0.15% | 0.11% | 0.24% | -0.06% | -0.25% | 0.03% | |
| JPY | 0.40% | 0.04% | -0.11% | 0.12% | -0.18% | -0.37% | -0.08% | |
| CAD | 0.30% | -0.08% | -0.24% | -0.12% | -0.31% | -0.47% | -0.20% | |
| AUD | 0.60% | 0.20% | 0.06% | 0.18% | 0.31% | -0.18% | 0.10% | |
| NZD | 0.78% | 0.38% | 0.25% | 0.37% | 0.47% | 0.18% | 0.28% | |
| CHF | 0.49% | 0.12% | -0.03% | 0.08% | 0.20% | -0.10% | -0.28% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Agustin Wazne
FXStreet
Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.
