Dollar Builds on Three-Week High After Powell Testimony

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Dollar Builds on Three-Week High After Powell Testimony – Reuters

The dollar hit a three-week high after an upbeat assessment of the US economy by Federal Reserve Chairman Jerome Powell’s boosted bets on more interest rate hikes, while the euro edged lower before inflation data.

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Dollar Eases Ahead of Powell’s Highly-Anticipated Testimony

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Dollar Eases Ahead of Powell’s Highly-Anticipated Testimony – Reuters

The dollar eased as investors awaited a slew of economic data this week and Federal Reserve Chairman Jerome Powell’s testimony, which could determine whether the US currency’s recovery from a three-year low has more room to run.

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Dollar Climbs on Fed; Heads for First Weekly Gain of 2018

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Dollar Climbs on Fed; Heads for First Weekly Gain of 2018 – Reuters

The dollar inched up to a 10-day high, after minutes from the US Federal Reserve’s January meeting showed policymakers confident in rising inflation and the need for interest rates to keep increasing.

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Fed Seeks to Ban and Fine Ex-Barclays Trader Accused of FX Manipulation

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Fed Seeks to Ban and Fine Ex-Barclays Trader Accused of FX Manipulation – Bloomberg

Former Barclays trader Peter Little, who was accused of using electronic chat rooms to coordinate with bank traders allegedly trying to manipulate foreign-exchange rates, is being fined $487,500 by the Federal Reserve and facing a permanent ban from US banking.

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Dollar Skids on US Twin Deficit Worries, Hits 15-Month Low vs Yen

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Dollar Skids on US Twin Deficit Worries, Hits 15-Month Low vs Yen – Reuters

The dollar tumbled across the board, hitting a 15-month low against the yen as worries over twin deficits in the United States mounted amid a government spending splurge and large corporate tax cuts.

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