The @Newsquawk European FX Update: Greenback grinds back up again after brief retreat ...Middle East

The Newsquawk European FX Up Greenback grinds back up again after brief retreatFULL NOTEDXY/EUR/JPY The Dollar and index suffered a setback on Wednesday, but nowhere near the magnitude of last week’s post-FOMC relapse that saw the latter slide to 106.61 from a 107.11 peak in response to what was deemed to be a dovish press conference from Fed Chair Powell, on balance. Indeed, the DXY managed to settle just above 105.50 within a 105.87-44 range even though US Treasuries continued to bull-flatten and the 10 year yield probed the psychological 4.5% level irrespective of a so-so T-note auction that priced almost 2 bp higher. Moreover, the aforementioned close was positive from a technical p

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