“I’m not concerned about the dollar losing it’s very important status,” New York Federal Reserve President John Williams said on Tuesday, as reported by Reuters. Additional takeaways “Fed’s emergency facilities, with exception of the Main Street, are basically operating more of a backstop role.” “The banking system came into this episode with very strong capital.” “The Fed has gone to extra lengths to make sure stress testing is taking into account the effects of COVID.” “Health, hospitality and travel are sectors are still struggling.” “Commercial real estate is an area hit hard and with greater uncertainty right now.” “We should keep interest rates appropriately low to achieve maximum employment and price stability goals.” “Economy has been surprising us on the upside over the last several months.” “My view is the economy is going to have a sustained recovery for the next couple of years.” Market reaction The US Dollar Index edged slightly lower and was last seen losing 0.42% on the day at 93.88. 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 Cryptocurrencies Price Prediction: Bitcoin, Cardano & Compound – American Wrap 29 September FX Street 2 years "I'm not concerned about the dollar losing it's very important status," New York Federal Reserve President John Williams said on Tuesday, as reported by Reuters. Additional takeaways "Fed's emergency facilities, with exception of the Main Street, are basically operating more of a backstop role." "The banking system came into this episode with very strong capital." "The Fed has gone to extra lengths to make sure stress testing is taking into account the effects of COVID." "Health, hospitality and travel are sectors are still struggling." "Commercial real estate is an area hit hard and with greater uncertainty right now." "We should keep… 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.
