The dollar remained under some pressure in N.Y. trade on Thursday, as risk-off conditions prevailed, and yields remained under pressure. Yellen's testimony to the Senate Banking Committee didn't drop any bombs, but the mere mention of NIRP from the Fed, as unlikely as that may be, appeared to have weighed on the greenback. Wall Street had another ugly day, though it remains to be seen if the negative feedback loop spills over to Asia. Aside from better jobless claims, which had little market impact, the economic calendar was empty today.
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