EUR / USD extends recent gains well above the 1.17 level. Joe Biden continues to lead the results of the American elections. The markets’ attention remains on the FOMC decision later Thursday. The buy bias remains firm around the common currency and lifts EUR / USD to new weekly highs around 1.1770. EUR / USD […]
Tag: Fed
USD / CAD returns initial gains and falls back near the 1.3100 level
USD / CAD finds new selling at higher levels amid the prevailing sell bias around USD. The higher odds of an election win for Joe Biden keep the USD bulls on the defensive. Weaker crude oil prices weigh on the CAD and help limit losses before the FOMC. The pair USD / CAD has fallen […]
Cryptocurrencies: CBDC can complement the existing monetary system
Speaking about the potential of CBDC, the chairman of the US Federal Reserve, Jerome Powell, has explained that the state-issued digital currency will complement, but not replace, the existing fiat currency system.. The Fed governor emphasized that the US has a stable and mature financial system with a significant part of the population having access […]
US Dollar DX Index regains some ground and returns to 93.30
The DXY index remains under pressure at multi-day lows near 93.20. Stimulus hopes continue to weigh on the US dollar on Monday. The NAHB index improved further to 85 points in October (from 83). The US Dollar DXY Index, which measures the strength of the dollar against a basket of major currencies, remains under selling […]
US Dollar DXY Index Turns Negative Near 93.60 Before Powell
The DXY index loses ground and falls back to the 93.65 / 60 region on Monday. The pandemic and US politics continue to drive trends and appetite for risk. The NAHB index and various speeches by Fed members stand out on today’s economic calendar. The US Dollar DXY Index, which measures the strength of the […]
The Fed was set up to make sure credit flows to businesses
The Chairman of the New York Federal Reserve, John Williams, It said on Friday that COVID hit certain sectors hard, such as travel and the arts, as reported by Reuters. “The Fed was established to make sure that credit flows to businesses and state and local entities,” Williams said. Commenting on the economic outlook, Williams […]
Fed: Spending could recover faster than employment
The unemployment rate in the US remains very high and could reach 11% if you include people who left the labor force, said Thursday President of the Federal Reserve of Richmond, Thomas Barkin, Reuters reported. Additional conclusions “2% is an inflation target, not a ceiling.” “I don’t have a stimulus bill in my economic forecast.” […]
Fed: Barkin says they will keep rates low until moderate overheating in inflation is seen
The Federal Reserve, the central bank of the United States will aim to keep rates low until they see moderate inflation overheats , Richmond Federal Reserve Chairman Thomas Barkin said Wednesday, Reuters reported. With regard to the labor market, Barkin said that unemployment adjusted for the drop in participation is around 11% and said that […]
Fed: We are committed to using all tools to support the recovery – Clarida
The Federal Reserve is committed to using its full range of tools to support the economic recovery, reiterated the Fed Vice Chairman, Richard Clarida, speaking at an event organized by the Institute of International Finance on Wednesday, Reuters reported. “Maybe another year before the PIB estadounidense reach the pre-pandemic peak, even longer for full employment […]
US CPI rises for 4 consecutive months in September but slows down Used car prices rise sharply
However, as the US economy gradually recovers from the recession caused by the crisis of the new coronavirus, the labor market is slackening and the inflation rate is slowing down. CPI rose 0.4% in August. Both July and June rose 0.6%. “Prices have risen only modestly as supply chain turmoil has eased and weak demand and […]
