fxstreet.com 11 Feb, 2021 10:15 am

Powell keeps pressure on the dollar, Bitcoin consolidates, jobless claims eyed

Powell keeps pressure on the dollar, Bitcoin consolidates, jobless claims eyed
Here is what you need to know on Thursday, February 11: Markets have taken a pause in their rises and the dollar from its decline. Fed Chair Powell wa

Fed Chair Powell wants the US to reach full employment ahead of jobless claims and as inflation remains low.Weekly jobless claims are due out on Thursday and are expected to show an ongoing decline.US Initial Jobless Claims Preview: The trend's the thing Stimulus: Washington remains consumed by the trial of former President Donald Trump, pushing discussions about fiscal stimulus to the background.Jerome Powell, Chairman of the Federal Reserve, spoke on Wednesday and reiterated his commitment to providing support to the economy, stressing that the job market needs to return to full employment.

Lisa Cook, an economist who is considered a dove, will reportedly be nominated to the Federal Reserve's boar.US Consumer Price index: Does weak inflation means weak demand?

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