The U.S dollar soared today during the European trading session, rebounding to a level post the acute sales that followed the Fed’s Governor announcement regarding the revaluation of the monetary policy in the future.

The dollar index edged to 0.4% at 106.550, jumping from 106.28 that was close to three-month low on last Friday.

The week before, the index slumped by 4%, the lowest in more than 2.5 years.

The U.S. CPI Inflation for October that came softer than the forecasts last Thursday evoked immense decline in the U.S. dollar amid predictions that Fed will ease its aggressive interest rate hike.

GBP traders will be looking at Autumn Statement next Thursday with forecasts of sharp tax raise and spending trims to fill the gap in the public finances.

EURUSD sagged to 0.2% at 1.0332.

GBPUSD slumped to 0.4% at 1.1787, regaining some solid yields from last week.

USDJPY edged to 0.5% at139.44, staying below the key level of 140.