# US Dollar Falls on Powell's 'Dovish' Comments to Congress

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Last modified: 2021-06-23

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By Paul Ebeling · 2021-06-23
Tags: Shayne Heffernan on Investments, Forex, Fed, dovish, congress, dollar, Paul Ebeling, USD, Euro, AUD, GBP, JPY, CAD
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#dollar #Fed #Congress #dovish

$USD

USD held near 1-wk lows Wednesday after Fed officials including Chairman Powell reaffirmed tighter monetary policy is way off.

“*We will not raise interest rates pre-emptively because we fear the possible onset of inflation,”* Chairman Powell said Tuesday in a hearing before a US House of Representatives panel. *“We will wait for evidence of actual inflation or other imbalances.”*

Against a basket of its peers, the Buck was flat at 91.772, holding near its lowest level since 17 June and nearly a 3rd below a 2-month high marked last wk.

Overall we see the USD continuing it downward trend,

Have a positive day, Keep the Faith!

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