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EUR/USD falls to session lows as Fed boss speaks
Following on from the previous update noting the fall in the Dow Jones this afternoon, as the Fed boss addresses the Senate banking committee, the dollar has stemmed an earlier and initial attempt to fall on his remarks. The GBP/USD has stalled around 1.2825 for a second time and is now dropping to below 1.28 a moment ago. The EUR/USD also rejected an earlier attempt to climb above 1.0825 and fallen to a fresh session low a moment ago, at 1.0810. So, unless Powell takes a move dovish line in his comments to follow we could be looking at a relapse below the 1.0800 handle ahead of the 4pm London Fix this afternoon. The EUR/USD is not yet giving up on that though, but we shall soon see how this plays out and whether or not the dollar can rebound further. The EUR/USD is currently trading at 1.0815
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