FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration
Investors are heavily short dollars as optimism about promising vaccine trials drives buying of riskier currencies and higher yielding assets outside the United States. The Fed meets to set policy on Dec. 15 and 16, though before then - on Tuesday and Wednesday - Fed Chair Jerome Powell will appear before Congress and his remarks will be closely watched for any clues as to the next moves.
“We are going to have to figure out whether it’s in the December meeting or a future meeting,” he said.
FED the end!
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