ByJin Dao Tai
JUL 15, 2021
Yesterday, USD weakened against all major currencies.
During the first day of his testimony, Federal Reserve Chairman Jerome Powell highlighted that the U.S. labour market is still far from full recovery, thus the economy is far from full recovery in order for the scaling back of the central bank’s quantitative easing to take place.
Federal Reserve Chairman Jerome Powell will be testifying on the Monetary Policy Report released recently before the Senate Banking Committee later at 2130 (GMT+8). During this time, volatility in USD is expected.
FOMC committee member Evans will be speaking later at 2300 (GMT+8). During this time, there may be volatility in USD.
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