With a daily gain of more than 50 pips, the EUR/USD pair was able to erase it weekly losses and is about to close the week near the 1.12 handle, for the second week in a row. As of writing, the pair is trading at 1.1197, up 0.4% on the day. Dovish comments from today's Fed speakers weighed on the greenback, pushing the US Dollar Index back below the 97 mark for the first time since the weekly bearish opening gap. St. Louis Fed President James Bullard argued that it was doubtful that the inflation was moving towards Fed's target and the bank could wait and see how possible changes in fiscal, tax or regulatory policy ... (full story)