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New York was set to test record highs on Tuesday, underpinned by reassurances from Federal Reserve officials that monetary stimulus will remain in place during the pandemic
Japan’s Nikkei 225 index fell by -484 points (-1.61%) to close at 29,671.70 Hong Kong’s Heng Seng index has fallen by -812 points (-2.70%) currently trades at 29,782.75 FTSE 100 to open lower FTSE 100 futures are trading -33.5 points lower (-0.51%) , the cash market is expected to open at 6592.44 European futures: The Euro STOXX Index futures are trading -7 points lower (-0.19%), the cash market is expected to open at 3682.1 CAC 40 futures are trading -19 points lower (-0.14%), the cash market is expected to open at 13845.81 DAX futures are trading 0 points lower (0%), the cash market...
Getty Images / Tasos Katopodis Federal Reserve Chairman Jerome Powell reiterated Thursday that the central bank is far from tapering its asset purchases or raising interest rates. "Now is not the time to be talking about an exit" from easy monetary policy, the central bank chief said in a virtual discussion. The comments come after various Fed officials suggested that inflation could pick up faster than expected and, in turn, prompt an early rate hike. Powell rebuffed fears of an unexpected policy shift, noting the central bank will notify the public "well in adv...
USD: Scope For A Double-Whammy Of Fiscal & Monetary Stimulus; USD Negative Into Year-End – MUFG What is the outlook for the US dollar into the year-end? Here is their view, courtesy of eFXdata: MUFG Research maintains a bearish bias on the USD into the year-end. “US Treasury Secretary Steve Mnuchin presented a new plan to Nancy Pelosi and Chuck Schumer. The USD 916bn plan includes state and local government aid and […] The post USD: Scope For A Double-Whammy Of Fiscal & Monetary Stimulus; USD Negative Into Year-End – MUFG appeared first on Forex Crunch. Latest posts by Forex Crunch (...