Daily Market Comment – Wall Street bounces back, dollar takes a break
Posted on June 22, 2021 at 9:23 am GMT· Stock markets reclaim lost ground, dollar pauses as Fed worries abate · Oil grinds higher amid fading hopes for US-Iran deal, gold stabilizes · All eyes on Fed chief Powell’s testimony today at 18:00 GMT Don’t fear the Fed The inflation trade took a beating after the Fed’s seismic signals about faster rate increases, but the blues didn’t last long. Wall Street staged a massive comeback on Monday as market participants concluded that cheap money is helpful, but not [..]