The coronavirus resurgence is dampening the pace of the US economic momentum and the path of the economy depends critically on the path of the virus, Richmond Fed President Thomas Barkin said on Monday. Key quotes “If virus resurgence continues it could be a significant headwind on confidence.” “Escalation of the virus may be making an economic pothole into a sinkhole and so economy requires more fiscal support.” “Pulling away fiscal support would be a pretty traumatic move for the US economy.” Market reaction The US Dollar Index largely ignored these remarks and was last seen gaining 0.16% on the day at 93.61. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Technical Analysis: BTC/USD gains short-term momentum eying up $12,000 again FX Street 3 years The coronavirus resurgence is dampening the pace of the US economic momentum and the path of the economy depends critically on the path of the virus, Richmond Fed President Thomas Barkin said on Monday. Key quotes "If virus resurgence continues it could be a significant headwind on confidence." "Escalation of the virus may be making an economic pothole into a sinkhole and so economy requires more fiscal support." "Pulling away fiscal support would be a pretty traumatic move for the US economy." Market reaction The US Dollar Index largely ignored these remarks and was last seen gaining 0.16% on the day at 93.61. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
