Euro to Dollar Surge: EUR/USD Blooms to 1.17 After Powell’s Dovish Signal
EUR/USD rallies to 1.17 after Fed Chair Jerome Powell’s speech signals a more cautious approach to rate hikes. Investors weigh easing US inflation against signs of Eurozone economic stability as markets adjust forecasts for the currency pair’s next moves. Read more from James Fuller at ExchangeRates.org.uk.