US Dollar Has increased after Dudley’s Comments

Forex News

The attention of the markets was focused on speech of New York Fed President William Dudley, about the policy of the US Federal Reserve System.

William Dudley said that if the Fed does not stop stimulating monetary policy, it will create a risk of a sharp drop in unemployment, which will accelerate inflation.

The US dollar has strengthened after Dudley's comments. Gold prices are expected to decrease against the background of the strength of the US currency. The USD/JPY pair continued to grow at the beginning of the session in Asia.