USD near the lows of the day

It's tough to have it both ways.

  • If Dudley was dovish the stock market weakness doesn't make sense.
  • If Dudley was hawkish the USD weakness doesn't make sense.

Everyone wants to make sense of every move but it's a madhouse out there today.

EUR/USD is a few pips away from the 1.0809 session high and USD/JPY is at 122.69 versus the 122.66 session low.