The dollar was subdued on Tuesday ahead of testimony by Federal Reserve chair Jerome Powell, which investors will focus on for cues of the path the U.S. central bank is likely to take in tackling sticky inflation.
Powell's testimony before Congress on Tuesday and Wednesday will largely dictate currency market moves this week, with the February jobs report due on Friday also keenly awaited.
After delivering jumbo hikes last year, the Fed raised interest rates by 25 basis points at its past two meetings, but resilient economic data throughout February stoked fears of the central bank going back to large hikes.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar subdued as traders eye Powell testimony, jobs reportThe U.S. dollar made a tentative start to the week on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell and looked towards for a February jobs report that will likely influence how hawkish the U.S. central bank will be.
Read more »
Dollar slips as investors await Powell testimonyThe U.S. dollar was broadly lower on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell and looked towards a February jobs report at the end of the week that will likely influence how hawkish the U.S. central bank will be.
Read more »
US Dollar Index: DXY bears approach 104.00 with eyes on Fed Chair Powell’s TestimonyUS Dollar Index: DXY bears approach 104.00 with eyes on Fed Chair Powell’s Testimony – by anilpanchal7 DollarIndex RiskAppetite YieldCurve Fed Currencies
Read more »
Stock futures are little changed as investors look ahead to Powell comments, jobs data this weekWall Street is coming off a positive week for the major averages, where the Dow Jones Industrial Average snapped a four-week losing streak.
Read more »
U.S. stock futures retain Wall Street's rally ahead of Powell testimony and jobs dataStock futures are pausing for breath following a two-day bounce that broke a three-week losing streak.
Read more »
Bitcoin Flatlines at $22.4K Ahead of Powell's Congress Testimony: Market WatchVery few altcoins have marked gains today. Conflux is a rare exception, gaining 7% on the day.
Read more »