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Fed's Kaplan: Concerned about excess risk-taking in nonbank financial system

Dallas Federal Reserve Bank President Robert Kaplan said on Friday that is concerned about potential leverage, excess risk-taking in the nonbank financial system and added that they need more visibility, as reported by Reuters.

"If the world grows more slowly, the US economy will grow more slowly than it would otherwise," Kaplan added. "Vaccinations are the primary economic development tool worldwide."

Market reaction

These comments don't seem to be having a significant impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was up 0.35% at 90.95.

US: UoM Consumer Sentiment Index improves to 88.3 in April vs. 87.5 expected

The Consumer Sentiment Index in the US improved to 88.3 (final) in April from 84.9 in March, the University of Michigan's latest Surveys of Consumers
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EUR/USD slumps below 1.2050 pressured by month-end flows

The EUR/USD pair fell sharply in the last hour and touched a fresh weekly low of 1.2036. At the moment, the pair is losing 0.64% on the day at 1.2040
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