EUR/USD jumps to daily highs of 1.0380, Powell says

 EUR/USD overcomes recent dip and aims towards 1.0400. Prior to data and Powell of the Fed, the dollar seems to be offered.

November is expected to witness a 10% YoY increase in the EMU Flash Inflation Rate.  On Wednesday, the single currency regains some equilibrium and pushes the EUR/USD to daily highs in the 1.0380/85 zone.

Before Powell, the EUR/USD seemed stable. After three consecutive days of daily declines, EUR/USD posts a respectable recovery and aims to retake the 1.0400 area as new dollar weakness hurts the currency.

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