The US Dollar continues to falter as yields edge lower, while an extension of the current short-covering in the Japanese Yen also weighs on the greenback. Over the weekend, the Fed’s Kashkari pushed back on the notion that the central bank could soon be hitting the pause button, stating that the bank is a long way away from its inflation goal. This is noteworthy from Fed’s Kashkari which is typically seen as an uber-dove and thus the market may have gotten ahead of itself following last week’s rate decision.
