The dollar is moving up and down with stress in the financial markets. It has no important impact on inflation at the moment, he says. The dollar takes care of itself and is not part of the Fed’s mandate for price stability and full employment, he says.
The Greenback is at US session highs of 1.4325 versus the EUR and 90.93 versus the JPY, just overcoming the 90.91 high from last week. Japanese exporter sales are eyed at 91.00 in USD/JPY.
