Fed´s Barkin: Wants to see more evidence inflation settling back to target

President and CEO of the Federal Reserve Bank of Richmond Thomas Barkin has crossed the wires and said that he wants to see more evidence of inflation settling back to target.

Barkin said he feels reassured by what he is seeing in the banking sector.

US Dollar update

The US Dollar, as per the DXY index, is making its way up into resistance as per the micro trendline as illustrated on the daily charts above and in a 61.8% Fibonacci correction. DXY has traveled from a low of 101.531 to a high of 102.231 so far.