Market analysis：The dollar held firmly near three-month highs on Friday after surging overnight as Federal Reserve Chair Jerome Powell stuck with dovish rhetoric despite a recent spike in bond market volatility.The U.S. currency soared the most in a month after Powell said the violent sell-off in Treasuries last week was "notable and caught my attention" but was not "disorderly" or likely to push long-term rates so high the Fed might have to intervene more forcefully. he reiterated a commitment to maintain ultra-easy monetary policy until the economy is "very far along the road to recovery."The dollar index =USD was little changed at 91.660 early in the Asian session after gaining 0.7% overnight.The euro EUR=EBS slipped 0.1% to $1.19635, a one-month low, following a 0.7% slump overnight.The dollar eased slightly to 107.835 yen JPY=EBS , but remained near the multi-month high at the cusp of 108 touched during Thursday's 0.9% surge.The safe-haven dollar has been supported both by the higher Treasury yields themselves, and the upswing in risk aversion the bond rout has fomented.
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