EURUSD continue to rise after Fed Barkin comments

Fed Barkin

Inflation is more stubborn than most Fed members think. Nevertheless, Barkin expects inflation to fall further
The Fed's actions are very good in terms of the US economic outlook
If inflation falls harder, the Fed will react to it
Inflation is moving in the right direction, we are making progress here. The pullback in inflation is truly astonishing
The economy is more stable than some data suggest

Some of the words from San Francisco Fed chair, Thomas Barkin don't sound very dovish, but looking from a broader context, it is clear that there is room for faster and stronger rate cuts if they are warranted. The dollar is losing today, with yields reaching 3.90%. EURUSD is again approaching important resistance near the 1.10 level.
Source: xStation5

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Daily summary: Weak US data drags markets down, precious metals under pressure again!

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