XE Market Analysis: Europe – Feb 27, 2019

The Dollar has steadied after posting three-week lows in the wake of Fed chair Powell’s Senate testimony, which affirmed dovish-leaning on-hold policy guidance. The narrow trade-weighed USD index printed a post-Powell low at 95.95, the first time below 96.0 since February 5, before setting around 96.10-15; levels which are still about 1.3% below the mid-February highs. EUR-USD concurrently saw a three-week high at 1.1402, since consolidating around 1.1375.

Source: XE news feed
XE Market Analysis: Europe – Feb 27, 2019