May 6, 2021 22:21 GMTFXStreet News
What you need to know on Friday, May 9:
Comments from different Fed officials cooled down expectations for higher rates in the US, leading to
persistent dollar’s weakness. The American currency fell against all of its major rivals, particularly weak against safe-haven rivals. Dallas Federal Reserve Bank President Robert Kaplan said that he would like to start talking about tapering sooner rather than later, but he is not a voting member.
Wall Street advanced, with the
DJIA settling at record highs. European indexes were also up. US Treasury yields, on the other hand, eased, with the yield on the 10-year note down to 1.55%.