It all looks fairly quiet on the FX front this morning as markets await tomorrow’s comments from Fed Chair Powell.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in negative territory near 98.00 during the Asian trading hours on Wednesday.
The US Dollar (USD) is a little softer overall again this morning, reflecting a renewed strengthening in the bearish narrative amid investor concerns over the outlook for the US economy and monetary policy as well as the focus on the risk of political influence on Fed policy making and US data.