Forex Today: Chief Powell could bring back markets’ roller coaster By ValBednarik EURUSD Gold CentralBanks Fed Recession
ef Jerome Powell will testify before Congress.
The American dollar edged modestly lower against most major rivals on Tuesday amid a better market mood. The USD/JPY pair, however, soared to a fresh multi-year high of 136.61, holding nearby at the end of the US session. The yen's collapse is mostly due to the Bank of Japan's stubborn commitment to its ultra-loose monetary policy., with Wall Street posting substantial gains and limiting demand for safety.
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