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Fed speaker Daly sends US yields higher and EUR/USD to fresh session low

Just ahead of the final US stock market opening of the month, the dollar just got another lift from some fresh hawkish Fed comments. The US Fed governor, Mary Daly has just said it is too early to say the Fed is done with tightening monetary policy. This was just the kind of mood music the dollar wanted to hear this afternoon, as it was on the front foot anyway, but was flagging a little in its earlier gains. Well, not any more folks because Daly has just sent the USD/JPY spiking above 148.20 for the first time since earlier in the week. The EUR/USD has hit a session low on those comments and so has the GBP/USD too. The US stock futures have come off the boil as well, as US yields rise further. There are more speakers due out shortly and so this is not entirely conclusive because Williams is due to speak in a minute and will be interesting to see is Williams adds his voice to that just heard from Daly. The EUR/USD is just now trading at 1.0913
 

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