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The US dollar posted declines on Thursday following comments from NY Fed President John Williams. Williams said that the central bank must act quickly to lower interest rates rather than wait for an economic disaster.
The NY Fed Chief was speaking at an event about how central banks should respond when interest rates are near zero. The comments come just a week before the Federal Reserve will be holding its monetary policy meeting.
Euro Looks to German PPI & Current Account
The euro currency traded flat on Thursday ahead of next week’s key ECB monetary policy meeting. Moving forward, the German PPI will be in focus. Producer prices in Germany are forecast to decline by 0.1% on the month. This comes after recent inflation data showed a rebound albeit still far away from the ECB inflation target rate. The current account data is also due later this morning.
EURUSD Likely to Close Flat
The currency pair i...
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