Hot spot tracking

  • Fed-New York Fed says bank reserves are adequate Goolsby reiterated his support for further rate cuts and was open to moving at a slower pace. Bearish for the dollar.
  • Bank of England Monetary Policy Member: A 100 basis point interest rate cut is too radical for me. Good for the pound.
  • Bank of Japan Governor Kazuo Ueda: The impact of the exchange rate on the economy and prices will be carefully considered. Bullish for the yen.

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