EUR/USD clings to mild gains near 1.0850 as ECB, Fed hawks jostle amid recession concerns
EUR/USD grinds higher around intraday top as it braces for the second consecutive weekly gain. Although Fed officials also sync the tune with ECB hawks, hopes of shorter recession in Europe favor bulls. Downbeat US data renew economic fears surrounding the world’s largest economy and probe DXY bulls. ECB President Lagarde’s speech, Fed talks before […]
Fed Chair Powell Tests Positive for Covid-19, Has Mild Symptoms By Bloomberg
© Bloomberg. Jerome Powell Photographer: Ting Shen/Bloomberg (Bloomberg) — Federal Reserve Board Chair Jerome Powell tested positive for Covid-19 and is experiencing mild symptoms. Powell, 69, received the positive test Wednesday and “is up to date with Covid-19 vaccines and boosters,” the Fed said in a statement, adding that he is working remotely while isolating […]