SINGAPORE - The dollar nursed losses near a six-week low on Tuesday and commodity-linked currencies loitered around multi-year highs, as investors’ focus shifted to how U.S. Federal Reserve chief Jerome Powell might respond to resurgent inflation expectations.
However the gains have come with a worldwide rise in inflation expectations and a big sell-off in longer-dated bonds. “If anything, I think he will give markets a bit of a cold shower and say: ‘Mr Market you’re getting a bit ahead of yourself. There are plenty of risks...and the U.S. economy is long, long way from full employment.’”
“The broad dollar retains a heavy tone, expect the dollar index to continue testing the 90.00 support,” said OCBC Bank strategist Terence Wu.
What about the increasing consciousness about the huge government debt burden (now appr $93k per American) and the fact that about 32% off circulating US dollar supply is printed in the last 14 months?
Hang in there America, you will bounce back to prosperity in the very near future.. Have Faith... Remember, the rest of the world is suffering but, we as the human race, are survivors.. 👍
Right... Never mind February historical analytics... We'll just turn this into a headline of nonsense.
Buy bitcoin
Lol “six week low”
haha
The Biden factor ?
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