The US dollar edges lower after Powell. Bonds bid ...Middle East

"I can't say that the labor market is really solid anymore," he said.

The FX market responded with some mild US dollar selling and that let the euro challenge the highs of the day at 1.1820. It wasn't able to get above though and remains in a tight range today.

Overall it's a small move but the direction is dovish.

This article was written by Adam Button at investinglive.com.

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