120 days ago • Posted by Jasper Lawler
Dollar pauses gains after two intense days of Fedspeak (EUR/USD > 1.18)
The greenback has paused its gains, with EUR/USD holding above 1.18 and GBP/USD consolidating below 1.37. Jerome Powell, Chairman of the Federal Reserve, reiterated his position that inflation will likely be temporary and that the recovery has a long way to run. Ten-year Treasury yields have found their feet above 1.60%.