Evans backs Yellen's dovish tone

Evans has been speaking and has not delivered anything more than what has been said before by any Fed member and has underpinned the kind of rhetoric we have been starting to here now after Yellen's speech in New York.

Evans explained that jobs are buoying solid consumer spending while tighter financial conditions remain a headwind for US growth with risks that are tilted to the downside for the US economy. He is also concerned about an economic shock and inflation falling below target.

USD/CHF rebounds after hitting 5-month lows under 0.9600

USD/CHF reached levels under 0.9600 for the first time since October. The pair bottomed at 0.9592 after Wall Street opening bell. During the last hours, greenback gained momentum in the market and trimmed losses, pushing the pair back above 0.9600.
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USD/MXN correction continues, drops to fresh 2016 lows

The Mexican peso is rising against the US dollar on Wednesday for the fourth day in a row and today it reached a fresh 2016 high. A weak greenback and risk appetite pushed USD/MXN sharply to the downside.
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