Yesterday, USD strengthened against most major currencies except GBP and CAD.
Responding to the poor jobs report, Chicago Federal Reserve President Charles Evans said in an interview that for him to change his stance on monetary policy, inflation and employment in the U.S. will have to strengthened further. He also emphasized that inflation is currently still below the central bank’s target of 2% and will need to be above that target for a period of time before averaging at that level.
Four members of the Federal Reserve will take turn to speak from 2230 (SGT) onwards. During this time, there may be volatility in USD.
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