Dollar drops to a three-week low after Powell's comments



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Direct: The US dollar extended losses against major currencies on Tuesday to a three-week low, following the Fed's testimony before Congress.

The US currency was put under pressure after Jerome Powell's remarks to Congress, in which he stressed the "patience" of any adjustment of interest rates, pointing out that the US economy sends contradictory signals .

Powell pointed out that the slowdown in economic growth in China and Europe and the growing uncertainty about bricast continued to affect the bank's political outlook.

Economic data now shows that US housing starts hit a four-year low, as US consumer confidence rose for the first time in four months.

Around 18:35 GMT, the dollar was down 0.2% to $ 1.1377, while the yen was down 0.3% to 110.72 Yen.

The greenback was down 1.2% to $ 1.3251, the highest level in a month, with new developments in the Brix indicating the possibility of postponing the completion date.

While the green card against the Swiss franc at 1.0003 francs.

During the period, the leading dollar index, which measures the currency's performance against six major currencies, fell 0.3% to 96.160, after reaching 96.145, its lowest level since February 5th.

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