The Dollar firmed up some in morning trade, taking the DXY to eight-session highs of 92.17, up from 91.84 at the open. The index later faded to near unchanged on the day. There was no data to move markets, and Treasury yields, which have been a major driver of the USD of late, remained relatively steady. Wall Street was mixed, with the Dow underperforming. The Greenback recovered the losses seen in the aftermath of the Dovish FOMC meeting, largely as ongoing inflation concerns have seen yields ramp up, generally supportive of the Dollar.
[EUR, USD]