Dollar weakens as Powell's testimony offers little surprise; sterling steady
The US dollar remains weak against a basket of currencies after Federal Reserve Chair Jerome Powell's testimony did not offer any major surprises. Sterling continues to hover near one-year highs ahead of the Bank of England's interest rate decision. The euro rose to a more than one-month high, while the Japanese yen weakened against the dollar. Investors are looking for supporting measures from China to revive its economic recovery, while cryptocurrency Bitcoin gained 0.7% to $30,218 after BlackRock unveiled plans to create a bitcoin exchange-traded fund.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
