The USD lost steam from last week's strengthening vs. most of the major currencies as investors continued to feed their risk appetite, leading the higher-yielding commodity currencies higher. The greenback also weakened amid renewed concerns that the Federal Reserve could still have to cut Interest Rates to boost growth. As a result, the USD dropped 0.2% on the day at 1.5513 vs. the EUR having earlier hiked above the 1.54 mark. Yesterday's speech by Chicago Fed President Evans lowered the growth prospects for the U.S. economy. In his speech ... ( read more )