The US Federal Reserve's Randal Quarles is speaking at the Bretton Woods annual meeting today, giving his thoughts on a broad array of topics.
Key highlights:
Quarles does not see cryptocurrencies posing a risk to financial stability.
Suggests that smaller banks should be getting different liquidity rules.
Thinks that the flattening yield curve isn't necessarily a signal pointing to a US recession.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD hits lows under 1.1000 as US Dollar surges
EUR/USD extended the correction on Friday and bottomed at 1.0971, the lowest level in two days amid a rally of the US Dollar. US data and comments from Fed officials triggered a correction of the Greenback across the board.
GBP/USD extends slide to the 1.2400 area
GBP/USD retreated further during the American session and hit fresh daily lows under 1.2400. Risk aversion and higher US yields weighed on the pair, that after Friday’s slide, is about to end the week flat.
Gold hits fresh daily lows under $2,000
Gold price turned south and declined to $1,992, hitting the lowest level in three days. In the rebounded, climbing back above $2,000 on a volatile Friday amid a revival of the US Dollar.
Chainlink price rising by 8% in 24 hours, triggers profit-taking
-637336005550289133_XtraSmall.jpg)
Chainlink price broke out of its multi-week barrier during the intra-day trading hours on April 14. With multiple altcoins breaking out this week thanks to Bitcoin and Ethereum’s lead, it seems like profits might be on the way.
The Week Ahead - UK CPI and wages, China Q1 GDP, Tesla and Netflix earnings
UK inflation will be back in the spotlight on Wednesday with the CPI for March. Other key events to watch out include China’s first-quarter GDP print, due out on Tuesday, and earnings from big names including Tesla, Netflix, easyJet and Goldman Sachs.