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Fed's Bullard: Financial stability risks are moderate at this point

"Valuations look high, but not at this level of interest rates, I think we're ok for now," St Louis Fed President James Bullard told CNBC on Friday.

Bullard further argued that financial stability risks were moderate at this point. "Banks' business models will evolve to handle the low interest rate environment," he added.

USD reaction

These comments don't seem to be having a noticeable impact on the greenback's performance. As of writing, the US Dollar Index was down 0.14% on the day at 97.74.

GBP/USD: Bears have not given up the fight

Friday's four-hour chart is pointing to a resumption of the falls in the cable, according to Yohay Elam from FXStreet. GBP/USD is trading at 1.2928 ri
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AUD/USD attempts a recovery from multi-year lows, lacks follow-through

The AUD/USD pair trimmed a part of its early losses to 11-year lows, albeit seemed struggling to extend the momentum further beyond the 0.6600 round-f
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