US Session – Dollar given boost by Fed’s Williams remarks on cutting QE
Posted on May 16, 2013 at 7:39 pm GMTThe dollar held onto losses in the US session on Thursday after being weighed down by a series of disappointing data. There was a surprise rally at the end of the session though when Federal Reserve’s John Williams said that “If the economy grows as forecast, “we could reduce somewhat the pace of our securities purchases”. Before these remarks the dollar was weakened by concerns that the Federal Reserve’s stimulus policies will stay in place for a while. Such stimulus [..]