Fed Kashkari: New covid waves may still be a threat to the economy

Ross J Burland FXStreet

Federal Reserve's Minneapolis head, Neel Kashkari stated that ''if supply chains don't improve as I hope, the Fed's job will get harder, and will need to do more to bring inflation down. He added that new covid waves may still be a threat to the economy.

Meanwhile, the DXY index was higher for the fourth straight day and made a new cycle high at 101.028. The March 2020 high near 103 is the next big target. US dollars were supported by the US benchmark 10-year Treasury yields that hit 2.928% on Tuesday, the highest since December 2018 and are on track to test the October 2018 high near 3.26%.

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Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

EUR/USD appears supported by the 200-day SMA, for now

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