The greenback and short-end US yields............>

US: The greenback and short-end US yields initially dipped on Powell's speech,

with the release of text declining to mention the Fed's stance on negative

interest rates or negative rate policy (and therefore declining to mention any

opposition to it). Markets quickly reversed however as the Q&A was underway,

with Powell adding that the FOMC's views on negative rates have not changed and

they are not something the Fed is looking at.

- This prompted EUR/USD to retrace back to pre-speech levels of around $1.0870

and short-end yields to move back to unchanged. 2yr yield now around 0.16% and

unchanged vs. the lead-up to Powell's comments.