The dollar fell and global stocks were mixed in a day packed with catalysts for markets. Investors are weighing the shortlist of candidates said to be in the running for the leadership of the Federal Reserve, as well as strong data out of Europe and mounting concerns about the crisis in Catalonia.
The Bloomberg Dollar Spot Index and 10-year Treasury yields both retreated from recent highs as news emerged that President Trump has been presented with a shortlist of Fed-chair candidates with a range of views on policy. Among them, ex-board member Kevin Warsh has criticized the central bank for trying to do too much with monetary policy while current Governor Jerome Powell has voted in sync with Chair Janet Yellen, who’s term is up in February.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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