Additional comments from Richard Clarida, Fed Board of Governors Vice Chair, continue to cross the wires, via Reuters, as he continues to speak in an interview with Bloomberg.
“There is a broad agreement that the case for a looser Fed policy has increased,” Clarida said. “The Fed has the flexibility to act if needed given interest rates stay away from the zero lower bound.”
After staging a technical correction earlier in the day, the US Dollar Index reversed its direction on these headlines and was last seen in the negative territory near mid-96s.
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