LONDON (Archyde.com) – Retreat dollar Today, Tuesday, it remained within its swing range recently, as investors awaited a speech by Jerome Powell, Chairman of the Federal Reserve, “the US Central Bank” in a session of Congress later today.
European shares rose in early trading following a rebound in late trading in the US stock market, while US bond yields rose slightly.
Investors hope that Powell will give clues regarding when to tighten monetary policy when he answers questions from the Senate Banking Committee as he seeks a second four-year term as US central bank chief.
By 08.40 GMT, the dollar index was down 0.1 percent, recording 95.817, much lower than its highest level reached at the end of November, when the tendency to tighten monetary policy increased among the Federal Reserve’s decision-makers.
Some large US banks now expect to raise rates four times this year, starting in March.
The euro recorded 1.1346 dollars and remained within its swing range in the recent period.
The dollar rose 0.1 percent once morest the Japanese yen, hitting 115.280 yen to the dollar.
The British pound reached its highest level once morest the dollar in two months, recording 1.362 dollars.
With regard to cryptocurrencies, the price of Bitcoin returned to rise, recording regarding 42 thousand dollars, following it fell to forty thousand yesterday, Monday, for the first time since September.
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