In a batch of comments reported by Reuters, Boston Fed President Eric Rosengren said that the labour market could be stagnant for the next couple of months until we have much more widespread vaccinations. Moreover, he said that the economy could face significant weakness in the near term as virus infections and hospitalizations rise. However, Rosengren noted that the arrival of effective vaccines and outlook for more fiscal support are positive longer-run tailwinds. A fiscal program that provides grants to struggling businesses might be the best way to provide support, he advised. Market Impact The comments, which did not touch on Fed policy at all, have not had any meaningful impact on the US dollar. The Dollar Index (DXY) has flatlined in recent trade in the 90.30s. Much more meaningful for the buck will be incoming US President Joe Biden’s fiscal stimulus plan, set to be announced on Thursday, as well as a speech from Fed Chair Jerome Powell. 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 AUD/USD continues consolidation within pennant since start of 2021, breakout likely FX Street 2 years In a batch of comments reported by Reuters, Boston Fed President Eric Rosengren said that the labour market could be stagnant for the next couple of months until we have much more widespread vaccinations. Moreover, he said that the economy could face significant weakness in the near term as virus infections and hospitalizations rise. However, Rosengren noted that the arrival of effective vaccines and outlook for more fiscal support are positive longer-run tailwinds. A fiscal program that provides grants to struggling businesses might be the best way to provide support, he advised. Market Impact The comments, which did not touch… 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.
