The Analytical Overview of the Main Currency Pairs on 2021.0 | Justforex
The Analytical Overview of the Main Currency Pairs on 2021.03.05
The dollar index rose sharply on Thursday after Jerome Powell commented to the Wall Street Journal about the recent skyrocketing of government bond yields. At first glance, nothing important was said. He expressed concern about the dynamics of the development of financial conditions. But at the same time, he has warned that the Fed does not plan to put pressure on profitability, and the monetary regulator will be "patient". The market interpreted this as the end of the easing policy, as a result of which the dollar rose sharply, consolidating above the moving average on the daily chart.
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