The dollar has traded firmer, with, for instance, USD-JPY edging out a four-session high of 110.75, Cable making a fresh seven-month low of 1.3141, AUD-USD a 13-month low at 0.7329, and USD-CAD posting a new one-year high of 1.3325. EUR-USD has been among the exceptions in so far remaining within its range from yesterday, near the 1.1550 level and above the three-week low seen on Tuesday at 1.1531. Yield differentials remain a draw of the greenback, with Fed Chairman Powell yesterday maintaining expectations for further rate hike.
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