Dollar hit as Larry Summers withdraws from race for Fed president
On Friday, a set of poor US eco data had only a limited impact on EUR/USD. However, the dollar was under pressure across the board this morning as the withdrawal of Larry Summers in the race for the Fed presidency puts ultra-dove Yellen in pole position. Sterling remains well bid and has dropped below the 0.8400 range bottom against the euro.
Read the full report: FX Daily
KBC