Fed's Kashkari: We might be in this for a long time

"We are not going to fix the economy until we get our hands around the virus," Minneapolis Fed President Neel Kashkari said on Tuesday. "We might be in this for a long time."

Market reaction

These comments don't seem to be having a significant impact on market sentiment. As of writing, S&P 500 futures were up 0.35% on the day to point out to a positive opening in Wall Street. Meanwhile, the US Dollar Index, which tracks the USD's performance against a basket of six major currencies, is down 0.48% on a daily basis at 99.75.

USD/CAD remains on the defensive below 1.4000 mark

The USD/CAD pair traded with a mild negative bias below the 1.40 mark, albeit managed to recover around 15 pips from daily lows post-US macro data. Th
อ่านเพิ่มเติม Previous

Gold: Disavowal of negative rates to cap the yellow metal – TDS

Today will see a handful of Fed speaker comments hit the wires, while Fed Chair Powell will also give a speech tomorrow on the current issues facing t
อ่านเพิ่มเติม Next