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
(Market News Provided by FXstreet)