Fresh comments from FED's Bullard did not provide much support for USD:
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Growth in Q4 will be stronger than expected
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The economic outlook is better than assessed just a few weeks ago
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It is good that inflation is falling, but it remains too high
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Inflation will fall thanks to the monetary policy that is currently appropriate
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It is difficult to assess how the unemployment rate is expected to rise from current levels, the labor market is extremely strong
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To avoid the 1970s scenario, Fed must maintain rates at high enough levels to make sure inflation moves down
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Interest rates must be raised above 5% - as soon as possible
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There's possibly too much optimism that inflation will come easily back to 2%
EURUSD does not react to Bullard comments, as he is known for his hawkish approach. Main currency pair oscillates slightly below session highs around 1.0840. Source: xStation5
