USD appreciation well justified by economic cycle – Fed’s Dudley

By FXStreet More comments from NY Fed Chief Dudley, still speaking at PBOC symposium in China:

Weakening inflation expectations are a concern

One month of inflation doesn’t make a trend

China doing a good job pointing growth toward consumption

Optimistic that China’s economic transition can be managed

USD appreciation well justified by economic cycle

Not realistic to expect central banks to give forward guidance on moves

Central bank communication should be as clear as possible
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Source:: FX Street