Dollar losses accelerated after Fed’s Bullard said a rate cut could be warranted soon. EUR-USD, which had rallied to 1.1225 from near 1.1180 early in the session, ran up to new three-week highs of 1.1250, while USD-JPY fell to fresh trend lows of 108.06. USD-CAD fell under 1.3450, while GBP-USD topped over 1.2665, up from opening lows near 1.2610. Dollar selling had been a feature from the open, as Treasury yields fell further following a weak manufacturing ISM outcome.
[EUR, USD]