- I am more cautious than markets on rate path
- Especially when there is still strong wage growth and other indicators
- Housing market is starting to show signs of life again, makes our job harder
- It means we would have to do more with our other tools
The dollar is gaining on his remarks with EUR/USD and GBP/USD
GBP/USD
The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a
The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a
Read this Term at the lows for the day, around 1.0698 and 1.1972 respectively. Kashkari is a voting FOMC member this year, so these remarks are somewhat notable. It seems like the lack of impact from rate hikes on the jobs market is making Kashkari stick to his view that they still need to stay on the current path.
