The Dollar has consolidated after rallying late yesterday on the back of Fed Chairman’s hawkishly interpreted remarks, where, to recap, he cited possible transitory factors behind the current lower than trend inflation while adding that global growth and Brexit risks have dissipated. EUR-USD consolidated lower, near 1.1200, following the dive from yesterday’s post-Fed statement high of 1.1264 to the post-Powell low of 1.1187.
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