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Bullish comments by Fed's Powell boost US dollar I CNBC

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cnbc.com Bullish comments by Fed's Powell boost US dollar CNBC Justin Sullivan | Getty Images The dollar rose to a three-week high on Wednesday, as demand increased after upbeat comments from U.S. Federal Reserve Chairman Jerome Powell about the U.S. economy. In congressional testimony on Tuesday, Powell said he believed the United States was on course for years more of steady growth, and played down the risks to the U.S. economy of the escalating trade conflict. He reiterated his remarks on Wednesday before a U.S. House panel. Tho

EU FX I CNBC

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cnbc.com Dollar hits 6-month high against yen as trade fears trumped CNBC Torsakarin | iStock / 360 | Getty Images The U.S. dollar strengthened on Wednesday as the market put aside trade tension fears and focused on the Labor Department's expectation-beating inflation report, which increased prospects that the Federal Reserve will raise interest rates another two times this year. Against the Japanese yen , the dollar broke through the psychologically significant barrier of 112 yen for the first time since Jan. 10, rising as much as 1.3 percent to a top of 112.17 yen. Wednesday's strong f

EU FX I CNBC

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cnbc.com Dollar retraces losses as sterling dives on Boris Johnson exit CNBC 6-7 minutes