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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

FED
FED: Powell press conference begins.
- Adjustments are providing and will continue to provide meaningful support to
the economy. Monetary policy is in a 'good place'.
- Economy expected to grow at a 'moderate' rate. Jobs market 'strong'... Job
gains have eased but remain 'solid'. Inflation continues to run below our
symmetric objective, pressures remain muted, indicators of long-term
expectations low.
- But we expect inflation to rise to 2%. Our outlook on solid economy remains
mostly the same; views about the path of interest rates has changed due to
global growth slowdown, trade risks.
- What we have done to date will provide significant accommodation. Policy
likely to remain appropriate as long as info about economy remains in line with
our expectations. Policy in a good place to achieve these outcomes (our target).
Policy not on a preset course.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com