“The US economy will start to grow against in the third quarter with peak unemployment mid to high teens,” Dallas Fed President Robert Kaplan told Bloomberg TV on Thursday. Kaplan added that the expects the unemployment rate to fall to 8-10% by the end of the year and noted that widespread testing is needed to give consumers more confidence. “The economy will grow faster than potential during recovery, but the crisis may reduce potential growth over longer-term,” Kaplan said. “The oil industry is on the verge of running out of storage, making the situation even worse.” Market reaction These comments were largely ignored by the market participants and the US Dollar Index was last seen adding 0.6% on the day at 100.16. 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 USD/CHF pierces 0.9700 resistance area FX Street 2 years "The US economy will start to grow against in the third quarter with peak unemployment mid to high teens," Dallas Fed President Robert Kaplan told Bloomberg TV on Thursday. Kaplan added that the expects the unemployment rate to fall to 8-10% by the end of the year and noted that widespread testing is needed to give consumers more confidence. "The economy will grow faster than potential during recovery, but the crisis may reduce potential growth over longer-term," Kaplan said. "The oil industry is on the verge of running out of storage, making the situation even worse." Market reaction These comments were largely… 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.
