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.

Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!


Get notified when there is a new post. Read new post to earn 10 points!

1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 5.00 out of 5)

Rate an article for points!

By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

Leave a Reply

Your email address will not be published. Required fields are marked *