Fed's Evans: Low interest rates to last "for some time"

St. Louis Fed's President Charles Evans crossed the wires last minutes, via Reuters, saying that risk of overshooting or hitting Fed's inflation target is lower than many analysts believe

Key headlines (via Reuters):

  • Monetary policy is not as loose as it seems, neutral rate is lower
  • Rate environment is global, largely driven by economic fundamentals and it's likely to persist
  • Workforce aging and chronically weak investment are two long-lasting dynamics
  • Financial firms have to adapt to "New Normal"

USD/JPY indicators biased to downside risk, limited support between 99 and 95 - Scotiabank

  Eric Theoret, Strategist at Scotiabank, noted that JPY remains range bound, consolidating around the mid-point of its five-session range while th
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EUR/USD bounces off lows, turns flat

EUR/USD erased losses during the last hours and climbed back toward 1.1210/20, where it closed yesterday.
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