The dollar has weakened this morning as the previous support from US Treasury yields has drifted. It has also fallen due to comments from Federal Reserve officials suggesting that they will continue to support the economy with monetary policy.
Kansas City Federal Reserve President, Esther George, said yesterday that long-dormant inflation could rebound quickly as the economy shakes off the effects of the coronavirus pandemic. Inflation rate figures for December will be released later today.
Four more Federal Reserve officials are due to make speeches today, which could provide an indication of their next steps to help the US economy.
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