The dollar remains close to six-week low before Powell’s testimony

The dollar fell to its lowest level in nearly six weeks as commodity-related currencies approached multi-year highs on Tuesday February 23, 2021 ahead of Federal Reserve Chairman Jerome Powells’ half-yearly Congressional testimony. Investors shifted attention to how US Federal Reserve head Jerome Powell might respond to expectations of a pick-up in inflation. The dollar index, which tracks the greenback against a basket of six other currencies, hit a low since Jan.13, dipping below the critical 90 point early Tuesday …

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