Dallas Fed President Robert Kaplan crossed wires during early Asian morning on Friday. The Fed policymakers joined the league of FOMC members to turn down the scope of any further rate cuts, at least in the current month, which the markets are anticipating amid coronavirus fears. Key quotes The situation around coronavirus (COVID-19) has changed pretty meaningfully over the last couple of weeks. Fed’s rate cut move can help offset tighter financial conditions. Fed’s rate cut is not about the current stock market. It is about mitigating tightening that may take place weeks from now. Normal economic data that we are used to relying on is not very useful. Companies say they have come to grips to some extent with the supply aspect of coronavirus effect. FX implications The coronavirus-led risk aversion continues to dampen market sentiment and increases the burden on the global policymakers, including the Fed, to act. As a result, traders paid a little heed to the Fed policymaker’s comments that tried to placate traders. 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 Washington State: Total coronavirus death toll in the US reached 12 FX Street 2 years Dallas Fed President Robert Kaplan crossed wires during early Asian morning on Friday. The Fed policymakers joined the league of FOMC members to turn down the scope of any further rate cuts, at least in the current month, which the markets are anticipating amid coronavirus fears. Key quotes The situation around coronavirus (COVID-19) has changed pretty meaningfully over the last couple of weeks. Fed's rate cut move can help offset tighter financial conditions. Fed's rate cut is not about the current stock market. It is about mitigating tightening that may take place weeks from now. Normal economic data that we… 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.
