Forex Today: US Dollar rebounds to start the week as risk rally fades – by eren_fxstreet Currencies Majors Macroeconomics Commodities CryptoCurrencies
will not feature any high-impact macroeconomic data releases. Nevertheless, investors will pay close attention to comments from US Federal Reserve officials, including Vice Chair Lael Brainard and NY Fed President John Williams.
Commenting on the reaction to the soft October Consumer Price Index data, Federal Reserve Governor Christopher Waller argued that markets were "way out in front" and added rates will not fall until there is "clear, strong" evidence inflation is falling. Meanwhile, San Francisco Fed President Mary Daly advised that markets should stop thinking about the pace of rate hikes and start thinking about the level.
On November 12, the number of daily coronavirus in China rose to nearly 15,000 from 11,950 on November 11. Explaining the changes that they have made to coronavirus restrictions, China's top health officials noted that they were not "relaxing rules" but instead refining them. "It is necessary to maintain strategic focus, and scientifically and accurately do the work of epidemic prevention and control," China's National Health Commission said in a statement on Sunday.
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