The near term recovery on the dollar continues for a third session, in a move which is impacting across major forex and precious metals. Dovish steers from FOMC members in recent days have played into this, as has a rather downbeat assessment of the US economic recovery from the Fed’s Beige Book last night. However, the strengthening also has origins from the corridors of the European Central Bank. With the euro hitting $1.20 this week, there has been a range of briefings to relay the concerns that the Governing Council has around these levels. ECB chief economist Philip Lane noted that the exchange rate “does ... (full story)