The Dollar pulled back some following Fed chair Powell headlines, where he said the Fed is prepared to act appropriately to sustain the U.S. economic expansion. He also said the Fed remains concerned over cool inflation figures. The comments were taken with a dovish slant, sending EUR-USD over 1.1265 from 1.1240, and USD-JPY to 107.99 from near 108.20. Both pairings later unwound most of their initial moves. Overall, the Greenback recovered some into the London close, remaining largely rangebound.
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