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

Eamonn Sheridan
30/11/2022 | 23:48 GMT

Powell hinted at a slowing pace of Federal Open Market Committee (FOMC) rate hikes ahead in his speech on Wednesday:

  • Forexlive Americas FX news wrap:Fed Powell soothes the market w/ visions of a soft landing

Stock markets surged and the US dollar fell.

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:

usdyen 15 min candles 01 December 2022

ps, Bitcoin is circa $17,200

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