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The dollar pulled back in N.Y. trade on Friday morning, after Fed chief Powell said "gradualism" was the way to go as far as policy adjustments are concerned. This saw yields stumble as well. The DXY fell from opening highs of 95.41, to print 95.04 lows before steadying. EUR-USD ran up to three-week highs of 1.1640, while USD-JPY slipped under 11.15 from 111.44 highs. WTI crude remained firm pushing USD-CAD to 1.3011 lows, while cable was stuck in the mid-1.28s.
