The US dollar is stable against the euro, moderately appreciating against the pound sterling, becoming cheaper against the yen.

Yesterday the dollar fell by 0.3% against the euro and yen after the speech of the Chairman of the Federal Reserve System (FRS) Jerome Powell in the Senate Banking Committee, but in the future may resume growth, experts say.

Powell acknowledged that avoiding a recession in the US economy will be difficult, as the Fed will have to continue raising rates to achieve a slowdown in inflation.

“The global economy will face weaker growth, high inflation and tighter monetary conditions,” said a review of analysts at CapEcon, quoted by Dow Jones. – The world’s largest economies will suffer for a variety of reasons.” “Deteriorating risk appetite in global markets, as well as aggressive policy tightening by the Fed, will contribute to the strengthening of the U.S. currency,” experts believe.

The euro/dollar pair is trading at $1.0565 as of 9:03 Moscow time, compared to $1.0566 at Wednesday’s market close. The pound fell 0.11% against the dollar to $1.2252 against $1.2266 the day before.

The value of the U.S. currency in a pair with the yen fell by 0.47% – to 135.62 yen against 136.26 yen at the close of the previous session.

Calculated ICE index, showing the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona) loses 0.06%, the broader WSJ Dollar Index – 0.05%.