Forex Today: Modest US Dollar comeback


What you need to take care of on Thursday, February 9:

The US Dollar ended Wednesday mixed, as the optimism triggered by US Federal Reserve Chairman Jerome Powell faded throughout the day. European stock indexes managed to post modest advances, but Wall Street settled in the red. Still, US government bond yields remained steady around Tuesday’s closing levels, limiting the USD strength.

The Euro remains among the weakest US Dollar rivals, currently trading at around 1.0725. European Central Bank (ECB) officials were on the wires repeating their hawkish rhetoric. ECB policymaker Klaas Knot said that headline inflation appears to have peaked but added that keeping the current pace of hikes into May could well be needed if underlying inflation does not materially abate.

Across the…

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