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Trio of Fed doves sends dollar lower

Published 01/09/2019, 10:20 AM
© Reuters.  Trio of Fed doves sends dollar lower
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  • The Federal Reserve's Jim Bullard, Raphael Bostic, and Charles Evans are all on the tape this morning more or less promising at least a pause in the central bank's rate-hike cycle.
  • Bullard and Evans have been among the more dovish on the Fed of late, so their remarks shouldn't be of too much surprise (both vote on the FOMC this year). Bostic (not a voter this year) leans more centrist. What he's saying: "I see little need to engage in restrictive monetary policy and push the federal funds rate above a neutral stance."
  • UUP -0.75%. Among overseas currencies on the move: Euro (FXE +0.8%), pound (FXB +0.5%), swissie (FXF +0.7%), yen (FXY +0.5%), aussie (FXA +0.6%)
  • Now read: The U.S. Dollar Could Fall Even Further


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