The dollar softened in Asia trade, and that continued into...

The dollar softened in Asia trade, and that continued into the European hours ahead of testimony from Fed Chair Powell; but the buck regained poise, moving into positive territory; Powell didn't push back against higher yields, perhaps due to these higher yields coming hand-in-hand with brighter prospects for H2 2021 (though that still doesn't explain why the Fed would tolerate the market challenging its view of the rate hike trajectory). Either way 90.00 has been respected as we anticipated and it could gain some short term momentum to the upside...