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Forex Today: Tapering talks back modest dollar s gains

May 23, 2021 14:56 GMTFXStreet News What you need to know on Monday, May 24: The greenback recovered on Friday, ending the week mixed across the FX board.   The American appreciated following upbeat US data and comments from Federal Reserve officials suggesting a sooner rather than later discussion on tapering amid signs of heating inflation. On Friday, Atlanta Federal Reserve President Raphael Bostic said that he is worried about inflation getting entrenched, while  Philadelphia Fed Patrick Harker noted that the Fed should start discussing tightening. Also, Dallas Federal Reserve Bank President Robert Kaplan reiterated that they are seeing a lot of uncertainty about inflation.

NZD/USD remains pressured below 0 7200 ahead of NZ Retail Sales

Futures Points To Positive Open For Wall Street

Dallas Fed s Kaplan: hiring issues have continued into May, jobs outcome likely unusual

Fed officials, new data, start lowering expectations for U.S. jobs in May Reuters 10 hrs ago By Ann Saphir and Howard Schneider © Reuters/BRENDAN MCDERMID An employment application form is displayed during a restaurant job career fair in New York By Ann Saphir and Howard Schneider WASHINGTON (Reuters) - Federal Reserve officials and new Dallas Fed data have begun lowering expectations for May jobs growth in the United States as business hiring plans continue to outrun the supply of people able or willing to work. Dallas Federal Reserve president Robert Kaplan said Friday that hiring difficulties have continued through May, and will likely lead to another weak jobs report following the lower-than-expected 266,000 positions added in April.

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