Sounds like Mr. Plosser wants to get ahead of the curve.
The greenback is responding to higher market rates in the present (2-yr note at 0.885, 10-yr note at 3.51%) and the anticipation of higher official rates in the future.
EUR/USD is back below 1.4100 and USD/JPY is soaring toward 84.50…
For you dollar index fans, key resistance is being tested around the 0.7643/44 area.
