Fed’s Bullard - markets may have over reacted to Dec rate hike

Fed’s Bullard, while talking to CNBC, said the markets may have over reacted to December rate hike as they assumed rate hikes would continue for the rest of the year.

Key Quotes

Fed not on a "freight train" path of interest rate hikes

Not worried about chances of global recession

USD gathers pace, GBP/USD eyes 1.40 handle

The offered tone around USD gathered pace ahead of the US durable goods data, pushing the GBP/USD pair higher to 1.3990 levels.
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USD/JPY recovery regains 112.50

The selling pressure around the Japanese yen is growing bigger, prompting USD/JPY to extend further its recovery to the 112.50/55 band so far...
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