Currency market calm before Powell speech, bitcoin resumes rally

Currency market calm before Powell speech, bitcoin resumes rally

By Samuel Indyk and Brigid Riley

LONDON (Reuters) -The U.S. dollar was a touch softer on Wednesday, as traders kept their powder dry ahead of the first leg of congressional testimony from Federal Reserve Chair Jerome Powell and the European Central Bank’s policy announcement on Thursday.

Meanwhile, bitcoin was picking up a head of steam again, although it stayed below the record high reached the day before.

The absence of major catalysts kept the dollar under pressure, having slipped on Tuesday…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *