The DXY dollar index has sank to new six-week lows under 89.95 following Fed chair Powell’s successful attempt to convince markets that the punch bowel of monetary stimulus isn’t going to be taken away anytime soon, even in the face of rising inflation. While admitting that asset prices are “somewhat elevated” and that there would […]
The dollar remained under pressure, which drove the DXY index to seven-week lows under 89.75, as markets continued to react to Fed Chair Powell’s attempt to convince markets that the punch bowel of monetary stimulus isn’t going to be taken away anytime soon, even in the face of rising inflation. On the day, the biggest […]
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