The dollar is weaker this morning, failing to receive a push from higher treasury yields. This is possibly due to Federal Reserve Chair, Jerome Powell’s ‘dovish’ tone yesterday.
Testifying in front of the House of Representatives after his speech in the Senate the day before, Powell reiterated that the Fed would stick to their ultra-easy monetary policy for some time and wouldn’t adjust policy until the economy began to improve.
Today, durable goods orders and jobless claims figures will be released for the US.
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