Yesterday, USD weakened against most major currencies except for GBP.
During his speech earlier today, Federal Reserve Chairman Jerome Powell highlighted that the recent rise in inflation is likely to be temporary and will fade off eventually. He also emphasized that prolonged inflation and continuous good jobs report are what the central bank is targeting.
During his speech earlier today, Federal Reserve Chairman Jerome Powell highlighted that the recent rise in inflation is likely to be temporary and will fade off eventually. He also emphasized that prolonged inflation and continuous good jobs report are what the central bank is targeting.