The dollar is looking steady this morning ahead of Jerome Powell’s testimony before Congress later today. Treasury Secretary, Janet Yellen, will also speak.
In his speech yesterday, Powell said that the US economy had recovered quicker than expected, but support from the Federal Reserve was still needed. He added that, “The sectors of the economy most adversely affected by the resurgence of the virus and by greater social distancing remain weak.”
Several Fed officials will also speak today before and after Powell’s testimony.
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