Daily Market Comment – Dollar stable, equities advance as Powell calms nerves
Posted on June 23, 2021 at 8:48 am GMT· Dollar trapped between soothing Fed remarks and longer-term path · ECB considers higher inflation target, ECB/Fed divergence coming? · Eurozone PMIs edge higher as reopening momentum grows Fed puts the brakes on resurgent dollar Global markets continue to dance to the beat of monetary policy signals. The world’s reserve currency surrendered some of its latest gains and equities clawed their way back to record highs this week as the Fed did some damage control, with several officials playing down [..]