fxstreet.com 11 Feb, 2021 10:15 am

USD unlikely to stage a solid rebound as Powell continues to strike a dovish policy tone – MUFG

USD unlikely to stage a solid rebound as Powell continues to strike a dovish policy tone – MUFG
The USD has continued to trade on a softer footing this week. The US Dollar Index is falling back towards the 90.000-level around which it was trading

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.Key quotes “Fed Chair Powell continued to strike a dovish policy tone in line with expectations which has resulted in a limited market reaction.” “The dovish comments from Chair Powell support our view that it’s too soon for the US dollar to stage a sustainable rebound on the back of expectations for tighter Fed policy.

All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.000-level around which it was trading at the start of the year.

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