The Dollar has traded mostly softer following yesterday’s volley of dovish Fed speakers which, along with the FOMC minutes from the December FOMC meeting, affirmed that the “Powell Put” is resonating with others on the team. EUR-USD punched out a three-month high at 1.1570 ahead of the London interbank open, since correcting back under 1.1550. The Dollar has also weakened against Sterling, Yen and other currencies, though had held up better against the Dollar bloc and other currencies with higher beta performance characteristics as global stock markets come under pressure.
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