fxstreet.com 23 Feb, 2021 20:45 am

Powell put the greenback under further pressure

Powell put the greenback under further pressure
What you need to know on Wednesday, February 24: The American dollar maintains its sour tone across the FX board but finished the day unevenly. It app

Powell said that it would take time for “substantial further progress” towards the central bank goals on employment and inflation while adding that any change to the bond-buying program will be communicated "well in advance.Bank of Canada Governor Tiff Macklem said that it will take some time tot he country to see a complete economic recovery and return to pre-pandemic levels, explaining that the are not there." He also acknowledged better data coming in, but reiterated that the economic recovery slowed in recent months.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is of a timely nature.He added that he expects to have widespread COVID-19 immunity by the end of the year.

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