New York Fed President John Williams said that risks to employment have decreased, and inflation remains the key problem. The dollar reacted with growth.
Key points: the US economy is showing notable resilience, the risks of failing to reach maximum employment have receded, and demand from the AI sector remains strong. The DXY dollar index added about 0.1% and approached the 101.10 mark.
Speeches by Fed representatives move the dollar no less than inflation reports. Such impulses come outside the macro calendar and affect Forex, Gold, and indices simultaneously.
Do you trade on news releases?
Fed rhetoric creates sharp moves in the moment. Not every Prop program allows News Trading - some have a direct ban on holding positions around macro events, others have risk restrictions