The dollar index (DXY00) on Wednesday rose by +0.40% as the market focused on Fed Chair Powell’s comment that he would not “at all” rule out two consecutive rate hikes. The markets are discounting only one +25 bp rate hike through year-end.
Meanwhile, EUR/USD (^EURUSD) fell -0.41% on dollar strength and weaker Eurozone economic reports than were seen in the U.S. earlier this week. USD/JPY (^USDJPY) rose +0.24%.
