Federal Reserve Bank of Minneapolis President's comments on the US employment report weigh on the greenback. Federal Reserve Bank of Minneapolis President Neel Kashkari said that The U.S. labor market remains in a “deep hole” and it needs aggressive support to speed its healing from the Covid-19 pandemic. Kashkari said “We are still somewhere between [...]
The dollar climbed on Monday due to recent news supporting the greenback. As per the recent summary from the global rating giant Moody’s, US economic growth is likely to accelerate further and pose “the strongest two years of growth since 1950-1951 at the height of the post-World War II economic boom.” The analysis expects 7.0% [...]
Euro started with a downtrend in the Asian session since the U.S. Federal Reserve's latest meeting minutes indicates continued policy support and cemented hopes of a quick economic turnaround. Minutes from the latest FOMC meeting held on March 16-17 confirmed that the central bank is no rush to hike rates. Federal Reserve officials remain cautious [...]
Greenback is in uptrend by a higher Treasury yields on optimism around a quick economic recovery as vaccinations gain momentum. The US treasury yields were higher as investors awaited President Biden’s announcement of the $4tn infrastructure plan. U.S. President Joe Biden is about to outline on how he would pay for his $3 trillion to [...]
