Jay Powell and Lael Brainard

Dollar Hit an Air Pocket Right after Powell Testimony on Tuesday but Fairly Steady Overnight

January 13, 2022

The dollar didn’t handle Chairman Powell’s reconfirmation hearing or yesterday’s CPI release very well and is currently trading below Tuesday highs by 1.9% against the Australian and New Zealand dollars as well as versus the Turkish lira. There are also losses over this period of 1.6% against the Canadian dollar, 1.4% relative to the Swiss […] More