Scotiabank strategist: U.S. dollar rebounds due to optimistic economic data

According to ChainCatcher, Eric Theoret, a foreign exchange strategist at Scotiabank in Canada, pointed out that Powell's statements were not as dovish as market expectations. Optimistic economic data and dollar selling pressure on Thursday pushed the dollar back. Theoret believes that the market balance is completely inclined to one side and requires great momentum to make the US dollar fall more from its current level.