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July 28, 2021 Daily FX Market Roundup 07.28.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar traded lower against most of the major currencies on the back of the Federal Reserve’s monetary policy announcement. EUR/USD rose to its strongest level in nearly 2 weeks while USD/JPY dropped back below 110. Interestingly enough, Fed Chairman Powell did not appear overly concerned about Delta. In the press conference he said, “What we’ve seen is with successive waves of COVID over the past year and some months now, there has tended to be less in the a way of economic implications from each wave. We’ll see whether that is the case with the delta variety. But it’s certainly not an unreasonable expectation.”

United statesLas vegasFederal reserveWhy dollar sold off postKathy lienManaging directorFed chairman powellDownplayed inflation riseTaper timingWhile powellDisease controlKansas cityJapanese yenஒன்றுபட்டது மாநிலங்களில்லாஸ் வேகாஸ்கூட்டாட்சியின் இருப்பு