Dollar slides
By Monitoring Desk
February 28, 2019
NEW YORK: The dollar fell to a three-week low in choppy trading, as Federal Reserve Chairman Jerome Powell repeated that the US central bank would remain patient on monetary policy, suggesting it was unlikely to raise interest rates anytime soon, Reuters reported.
The currency initially inched higher as Powell stayed on script at a US Senate Banking Committee hearing on Tuesday, but it slipped in his question-and-answer session with US senators.
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