The dollar held firm against the yen and other major currencies on Thursday, supported by bullish comments from the U.S. Federal Reserve chairman, which affirmed expectations about the central bank’s possible interest rate moves this year.<\/p>\n
In closely watched congressional testimony on Tuesday and Wednesday, Fed Chairman Jerome Powell said he believed the United States was on course for years more of steady growth, and carefully played down the risks to the U.S. economy of an escalating trade conflict.<\/p>\n
The dollar was down 0.1 percent at 112.71 yen\u00a0<\/span><jpy=>early on Thursday after going as high as 113.14 yen in the previous session, its highest since Jan. 9.<\/jpy=><\/p>\n Against a basket of six major currencies (DXY<\/a><\/span>), the greenback edged down 0.08 percent to 95.006 after hitting a three-week high of 95.407 on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":" The dollar held firm against the yen and other major currencies on Thursday, supported by bullish comments from the U.S. Federal Reserve chairman, which affirmed expectations about the central bank’s possible interest rate moves this year. In closely watched congressional testimony on Tuesday and Wednesday, Fed Chairman Jerome Powell said Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,10,1],"tags":[],"class_list":["post-862","post","type-post","status-publish","format-standard","hentry","category-homepage","category-latest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=862"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/862\/revisions"}],"predecessor-version":[{"id":863,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/862\/revisions\/863"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}