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Reuters released comments from the President of the Federal Reserve Bank of Minneapolis while speaking on Minneapolis public radio interview on early Friday morning in Asia.

Key quotes

  • Fed will debate what to do on rates.
  • He is leaning toward a further rate cut.
  • It is definitely a nervous time.
  • Sees some cautious signs, some signs of optimism on economy.

FX implications

Although the market remains quiet to the news, a general pullback in the US Dollar (USD) and sustained support for the safe-havens can be expected because of the dovish comments.