Add another Fed voice to the view that rates will stay lower for longer. This one belongs to influencial vice-chair Don Kohn. He tries to downplay hawkish comments from Warsh and Fisher, saying he does not know how quickly the Fed will hike rates and that they will take things as they come.
Lower, longer tends to undermine the dollar and the buck remains under pressure. EUR/USD is at NY afternoon highs at 1.4660. Resistance is at 1.4675. Small stops are above.
