Kevin Hassett, Director of the National Economic Council, told FOX Business on Friday that the Federal Reserve (Fed) outlook for having room to cut rates will be very solid. He also claimed the Hormuz Strait can be reopened within two months, saying they have backup plans to reopen it.
Key takeaways:
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 Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.26% | -0.21% | 0.08% | -0.04% | 0.04% | 0.04% | -0.46% | |
| EUR | 0.26% | 0.05% | 0.35% | 0.20% | 0.29% | 0.29% | -0.20% | |
| GBP | 0.21% | -0.05% | 0.32% | 0.17% | 0.25% | 0.24% | -0.27% | |
| JPY | -0.08% | -0.35% | -0.32% | -0.14% | -0.05% | -0.10% | -0.59% | |
| CAD | 0.04% | -0.20% | -0.17% | 0.14% | 0.07% | 0.07% | -0.44% | |
| AUD | -0.04% | -0.29% | -0.25% | 0.05% | -0.07% | -0.01% | -0.52% | |
| NZD | -0.04% | -0.29% | -0.24% | 0.10% | -0.07% | 0.00% | -0.51% | |
| CHF | 0.46% | 0.20% | 0.27% | 0.59% | 0.44% | 0.52% | 0.51% |
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).
Source: https://www.fxstreet.com/news/wh-sr-adviser-hassett-we-expect-a-rapid-reduction-in-energy-prices-once-the-strait-of-hormuz-opens-202604101346
