The Dollar was quiet in N.Y. morning trade on Wednesday, though was hammered lower after Fed Chairman Powell said U.S. rates were “just below” neutral from “a long way from” neutral, as he said in October. The DXY was pushed from 97.53 highs to 96.69 lows. EUR-USD rallied from near 1.1270 to highs over 1.1380, while USD-JPY printed 113.45 lows, down from 114.03 highs. Cable peaked at 1.2847. Incoming data included a lower than expected Q3 GDP revision, and softer new home sales.
[EUR, USD]