US Dollar to Four-Month-Highs: EUR/USD, USD/CAD

There’s been a chorus of Fed speakers commenting on markets this week and the net result so far has been a bullish push in the US Dollar, with the currency pushing up to fresh four-month-highs. To be sure, the Fed continues to say that they’re going to be as accommodative as needed in the near-term, and that there’s no plans to remove the massive support that’s been in-place now for a year. Powell has also went as far as saying that he feels inflationary pressure is transitory, and even if it’s not, Powell has said that the Fed has tools at their disposal to address the issue. We have seen some softening in … (full story)

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