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U S Dollar Drops As Fed Chair Powell Says Labor Market Recovery still A Ways Off

U.S. Dollar Drops As Fed Chair Powell Says Labor Market Recovery “still A Ways Off” The U.S. dollar slipped against its major opponents in the European session on Wednesday, as expectations over a faster monetary policy tightening receded after Federal Reserve Chair Jerome Powell remarked that “substantial further progress” towards employment and price stability goals is “still a ways off.” The Fed will ensure that monetary policy will continue to deliver powerful support to the economy until the recovery is complete, Powell said in his prepared remarks for testimony before the House Financial Services Committee. Powell acknowledged that the labor market conditions have continued to improve, but there is still a long way to go.

New Zealand Dollar Appreciates As RBNZ To Cease LSAP Program

New Zealand Dollar Appreciates As RBNZ To Cease LSAP Program
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