The US dollar fell against its major trading partners early Tuesday, except for an improvement versus the Canadian dollar, ahead of a busy data of data releases and Federal Reserve speeches.
Overnight, Fed Governor Adriana Kugler said she would support further reductions in the federal funds rate if inflation continues to slow as expected, adding that she will continue to monitor the incoming data and economic impacts from weather effects and tensions in the Middle East.
St. Louis Fed President Alberto Musalem said Monday evening that it is best to be cautious when cutting rates, saying that the risks of easing too much or too early outweigh the risks of easing too little or too late.
Overnight, Fed Governor Adriana Kugler said she would support further reductions in the federal funds rate if inflation continues to slow as expected, adding that she will continue to monitor the incoming data and economic impacts from weather effects and tensions in the Middle East.
St. Louis Fed President Alberto Musalem said Monday evening that it is best to be cautious when cutting rates, saying that the risks of easing too much or too early outweigh the risks of easing too little or too late.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.