US dollar back towards its post-Powell lows in early Asia trade

[forex4you]

US dollar back towards its post-Powell lows in early Asia trade

<p>Powell hinted at a slowing pace of Federal Open Market Committee (FOMC) rate hikes ahead in his speech on Wednesday:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-fed-powell-sooths-the-market-w-visions-of-a-soft-landing-20221130/" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap:Fed Powell soothes the market w/ visions of a soft landing</a></li></ul><p>Stock markets surged and the US dollar fell. </p><p>The dollar is back pretty close to its lows as I update. EUR, AUD, NZD, GBP, yen all showing a similar pattern of heading back to Wednesday highs while USD/JPY is below its US Wednesday low:</p><p>ps, Bitcoin is circa $17,200</p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: US dollar back towards its post-Powell lows in early Asia trade

forexlive.com