A snapshot of the US dollar, it is down versus all the major currencies:EUR -0.81%JPY -0.97%GBP -0.75%CHF -0.83%CAD -0.40%AUD -1.0%NZD -0.81%The market is reacting positively to the Fed chair speech as a tilt toward moving more toward a less restrictive/more balanced monetary policy. He commented that the downside risk to employment and that tariffs are likely to be a one-time price increase.The chance of a cut in September are back to nearly 100% with 2 cuts before the end of the yearUS stocks have moved higher Dow industrial average up 1.52%S&P index up 1.25%NASDAQ index up 1.47%. The small-cap Russell 2000 is the biggest gainer as smaller/riskier companies benefit from lower rates. It is currently up to 2.86%Looking at the US yields, the shorter end is down 10 basis points with the 2-year now at 3.692% -10.0 basis points. 10-year yield is also lower but down -6.5 basis points at 4.267%. 30-year yield is down -3.3 basis points at 4.890%.. This article was written by Greg Michalowski at investinglive.com.