Yesterday, USD strengthened against most major currencies except for CHF.
In the released minutes for the previous monetary policy meeting, the Federal Reserve highlighted that although economic indicators have been showing signs of economic recovery, the U.S. economy is still far from the central bank’s long-term goals. The Fed also highlighted that short-term rise in inflation is expected.
Fed Chairman Powell will be speaking at a virtual seminar tomorrow at 0000 (SGT).
During this time, there may be volatility in USD.
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