FX

Boston Federal Reserve President Eric Rosengren said on Friday that they have to think about some of the side effects of a low-for-long interest rate strategy, as reported by Reuters.

“Monetary policy may not be able to be accommodative for as long if financial stability risks are not addressed,” Rosengren further argued. “I’m worried that if we’re not careful, we can create a situation where we don’t get back to full employment because we have another downturn.”

Market reaction

These comments were largely ignored by market participants and the US Dollar Index was last seen flat on the day at 91.82.

Articles You May Like

Gold Price Today: Yellow metal opens at Rs 71,489/10 gms, silver drops Rs 2,000/kg
Forexlive Americas FX news wrap 10 Jun: The USD is mixed the day after the US jobs report
NZD/USD weakens below 0.6150, investors await the US CPI, Fed rate decision
Eurozone June Sentix investor confidence 0.3 vs -1.8 expected
Adobe shares soar 17% on better-than-expected results