The dollar’s weakening bias reimposed as the lows seen in the immediate wake of Fed Chair Powell’s announcement of a framework regime change (lower interest rates for longer as a consequence of more tolerance on inflation risks) were surpassed during the London morning. The narrow trade-weighted USD index (DXY) dropped by over 0.6% in posting a nine-day low at 92.28. EUR-USD concurrently clocked a 19-day high at 1.1920. In the mix was a notably sharp drop in USD-JPY, which plunged by well over a big figure from a two-week high that was seen in Tokyo trading at 106.94.
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