###POV..Getting ready for the next......>

EURO-DOLLAR: ###POV..Getting ready for the next leg higher? maybe. Fed doubts on

transitory nature of low inflation, German coalition hopes and robust European

economic data have all combined to see the single currency print a two-month

high against the dollar at $1.1961, the pair has since moved back to $1.1896 and

currently stands at $1.1900. Focus now has started to shift to Fed-chair

designate Jerome Powell who is up before the Senate for his confirmation hearing

later today. The Senate committee will likely to ask him a number of questions,

how he sees the Fed going forward, his views on banking regulations. He may also

be asked about weak inflation and whether he sees it as transitory or not.

Should he stick to the same hymn sheet as Yellen and last week's Fed minutes,

where both revealed some doubts on whether low inflation was transitory, the

dollar may well get another nudge lower and see the euro reclaim the $1.20

handle.