Here is what you need to know on Thursday, May 9: The US Dollar (USD) exhibits strength against its rivals in Thursday’s early London session as Federal Reserve (Fed) policymakers remain convinced about resilient United States economic prospects and lacks confidence over inflation declining to the desired rate of 2%.
Here is what you need to know on Thursday, May 9: The US Dollar exhibits strength against its rivals in Thursday’s early London session as Federal Reserve policymakers remain convinced about resilient United States economic prospects and lacks confidence over inflation declining to the desired rate of 2%. On Wednesday, Boston Fed Bank President Susan Collins said the economy needs to cool down for inflation return to 2.
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 /JPY . EUR/USD seems feeble near 1.0740. The pair falls on backfoot amid firm US Dollar. The major currency pair is expected to be driven by market sentiment due to absence of top-tier Eurozone economic data. GBP/USD trades close to weekly low below 1.
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