US$ at low on wait to hear Powell's comments
London
THE US dollar stuck near a two-month low on Tuesday as markets awaited the confirmation hearing of new Federal Reserve chair Jerome Powell, though prepared remarks indicated that US interest rates would rise very gradually under his watch.
With the greenback hemmed into tight trading ranges against its major rivals, market attention was also drawn to the US tax bill that may be formally voted through by a US finance committee later this week.
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