Dollar rebound extends for third day before Fed's Powell speech

<p>Dollar rebound extends for third day before Fed's Powell speech</p><p><a href="https://piqsuite.com/reuters/dollar-rebound-extends-for-third-day-before-feds-powell-speech" target="_blank" rel="nofollow">FULL STORY</a></p><p>The dollar's rebound extended for a third day on Wednesday after some Federal Reserve policymakers left the door open to further rate hikes, as traders looked to a speech from Chair Jerome Powell on the central bank's future policy path.</p><p>The greenback, which hit a seven-week low at the start of the week in the wake of the Fed's decision to hold its policy rate steady and on data pointing to a cooling U.S. labour market, has found a floor as markets remain at odds over whether a peak in U.S. rates has been reached and how soon the Fed could begin easing monetary conditions.</p>

This article was written by Ryan Paisey at www.forexlive.com.