Search ForexCrunch

“We should wean the economy at the earliest opportunity from the super-easy Federal Reserve policy,”  Dallas Federal Reserve Bank President Robert Kaplan said on Friday, as reported by Reuters.

“The challenge will be finding the balance  between being too preemptive and being too late on policy,” Kaplan added.

Market reaction

The greenback failed to capitalize on these bullish remarks. As of writing, the US Dollar Index (DXY), which tracks the USD’s performance against a basket of six major currencies, was down 0.1% on the day at 91.57. On a weekly basis, the DXY is down 0.66%.

Expert score


Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.