Press reports about Fed gave new batteries to the USD

Surprise, surprise. Just when I thought the market was going for a
slumber today, it geared up for unexpected action instead. Today the US
dollar rallied broadly and sharply against the other currencies.
EUR/USD and GBP/USD suffered the biggest decline since more than a week
ago. Although there is no significant scheduled economic data released,
USD's strength seems to be attributed to various press reports today about the Fed, suggesting that the central bank may not in fact have completed its most recent tightening cycle.
That indeed has stirred the hornet's nest today in an otherwise
data-light session. The forex market will continue to remain focused on
Wednesday's Federal Open Market Committee (FOMC) meeting at which...

Surprise, surprise. Just when I thought the market was going for a
slumber today, it geared up for unexpected action instead. Today the US
dollar rallied broadly and sharply against the other currencies.
EUR/USD and GBP/USD suffered the biggest decline since more than a week
ago. Although there is no significant scheduled economic data released,
USD's strength seems to be attributed to various press reports today about the Fed, suggesting that the central bank may not in fact have completed its most recent tightening cycle.
That indeed has stirred the hornet's nest today in an otherwise
data-light session. The forex market will continue to remain focused on
Wednesday's Federal Open Market Committee (FOMC) meeting at which...