US dollar falls as Feds policy sinks in
b'Monday 31st August 2020NAB\\u2019s Ray Attrill says the US dollar bore the brunt of Friday\\u2019s reflective thinking on Jerome Powell\\u2019s Jackson Hole speech. He says, if the market believes the Fed will run inflation up to 3%, then real US interest rates would be lower and higher inflation should force the currency down over time, hence the response. But isn\\u2019t this somewhat hypothetical when inflation has struggled to get anywhere near 3 percent? There\\u2019s also discussion about US confidence data, China\\u2019s ISM numbers today and the impact of Shinzo Abe\\u2019s resignation announcement.
Hosted on Acast. See acast.com/privacy for more information.
'