Fed´s Collins: More banking sector stress could affect policy outlook
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Federal Reserve Bank of Boston leader Susan Collins has crossed the wires saying that the risks to the outlook have increased with the banking stress and said her economic views are close to the Federal Open Market Committee´s forecasts.
The US Dollar declined on Thursday on easing fears about banking sector troubles, encouraging economic signs from the chip industry and rising oil prices. On the weekly DXY chart, the US Dollar is closing in on support and the M-formation, a reversion pattern, could hold up the price from moving much lower at this juncture.
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