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Investing.com – The dollar and the yen made gains, while the Aussie weakened as developments in the U.S., Japan and China rocked the currency market in Asia on Wednesday morning. The dollar has been climbing up ever since Powell’s testimony at the Congress strengthened the Fed’s position in further interest rate hikes this year. The US […]
By Masayuki Kitano SINGAPORE (Reuters) – The dollar stood near a three-week high against a basket of currencies on Wednesday, after Federal Reserve Chairman Jerome Powell’s upbeat views on the economy bolstered bets on further Fed interest rate hikes this year. Testifying before the U.S. House of Representatives’ Financial Services Committee, Powell acknowledged the economy […]
By Masayuki Kitano SINGAPORE (Reuters) – The dollar slipped on Monday, losing some of its recent momentum as U.S. bond yields sagged, although moves were tempered by caution ahead of Federal Reserve Chairman Jerome Powell’s first congressional testimony. The dollar index, which measures the greenback against a basket of six major rivals, eased 0.1 percent to […]