US Dollar down as not even Gaza tensions can trigger a stronger Greenback

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• The Greenback lost substantially on Thursday after Powell did not bring anything new to the table. 
• A very light data calendar on Friday offers room for traders to digest past week events. 
• The US Dollar Index strengthened somewhat on Friday amid escalating tensions in the Middle East.

The US Dollar (USD) lost substantial ground in the aftermath of the speech from US Federal Reserve Chairman Jerome Powell on Thursday. Powell’s remarks did not hold any meaningful new elements, mainly repeating  ideas from the most recent FOMC meeting. Markets were quick to sell the Greenback, sending the US Dollar to peak  to 1.0620 against the Euro.