Dollar subdued as traders eye Powell testimony, jobs report

Published by
Reuters UK

By Ankur Banerjee SINGAPORE (Reuters) – The 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. The dollar index, which measures the U.S. currency against six major peers, was down 0.057% at 104.560, but not far off a seven-week high of 105.36 it touched last week. The index last week clocked a weekly loss for the first time since January. After delivering jumbo hikes last year, the Fed has raised intere…

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