SINGAPORE – The dollar was perched near a three-month high on Thursday as Federal Reserve Chair Jerome Powell's message that interest rates would have to go higher and possibly faster to tame inflation dominated sentiment and underpinned the U.S. currency. In the second day of his testimony to Congress on Wednesday, Powell reaffirmed his hawkish message, though striking a cautious note that debate on the scale and path of future rate hikes was still underway and would be data-dependent. That caused the U.

https://business.inquirer.net/390137/powells-hawkish-testimony-keeps-dollar-elevated

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