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The dollar moves down. The dollar moves up.

The dollar moves down. The dollar moves up.

The initial reaction was to the downside at the start/beginning of the Chair Powell Q&A. Then the dollars started to revert back higher after Powell said they may have take the terminal rate higher.

Stocks reversed. US yields moved back higher. The dollar moved higher as well

  • EURUSD: The rise in the EURUSD moved back toward the 50% midpoint of the 2023 trading range at 1.075058, and the swing area between 1.0760 and 1.0775. The high price reached 1.07659 and started to run ba... Read More
Posted: Feb 7 2023, 19:20
Author Name: forexlive
Views: 110770

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