Some see Hoenig’s dissent as laying the ground work for the FOMC to eventually remove the unusually low rates for an extended period language.
Central bank bids continue to frustrate EUR/USD bears, but they are not yet giving up. EUR/USD trades at 1.4129.
UD/JPY is getting a boost from higher yields. 2-year notes are at 0.89% while USD/JPY is triggering stops in the 89.80s.
USD/CHF is attacking resistance above 1.0500.
