Economic news

Dollar hovers, all eyes on Powell's appearance on Capitol Hill

The dollar firmed versus major currencies on Tuesday, with investors remained cautious ahead of Fed Chair Powell's testimony that could show whether the currency’s rebound from a three-year trough has more opportunities to run.

Photo: Reuters

The dollar index was firm at 89.802. The greenback was stable at 106.96 yen.

The euro inched up 0.1 percent to $1.2332, with traders seen unlikely to take on big positions this week ahead of the Italian election.

April gold futures gained less than 0.1%, to $1,333.80 an ounce.

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