The dollar’s appreciation fell after Powell’s comments made a profit.

The dollar rose on Wednesday after a strong rise in the previous session after Federal Reserve Chair Jerome Powell suggested that the Federal Reserve could accelerate the tapering of asset purchases. It fell and integrated. At 4:55 am(Greenwich Mean Time 0755), the dollar index, which tracks greenbacks against baskets of six other currencies, recorded the largest monthly rise since June in November at 95.970. It fell by 0.1%. Not later.

EUR / USD rose 0.1% to 1.1337 after falling to 1.1258 on Tuesday, USD / JPY rose 0.2% to 113.37 and GBP / USD rose 0.2% to 1.3316, at risk. Sensitive AUD / USD rose 0.4% to 0.7151, rebounding from its first low in a year.

Earlier, the driving force behind the dollar’s rise inwas a comment made by Federal Reserve President Jerome Powell in front of the Senate Banking Commission on Tuesday.

“At this point, the economy is very strong and inflationary pressures are high, so I think it’s probably appropriate to consider closing asset purchases a few months early,” Powell said. Pointed out that. The word “ephemeral” when it comes to high inflation.

At a November meeting, the Fed announced that it would cut bond purchases by $ 15 billion a month. Accelerating these measures could reduce the amount of time central banks are confident in raising their key interest rates.

The dollar was hit earlier in the week when traders preferred safe havens such as the Japanese yen and the Swiss franc as risk aversion associated with the emergence of the Omicron variant of the Covid19 virus broke out. Powell’s testimony continues later on Wednesday, but the issuance of US private pay slips will also be spotlighted prior to Friday’s official monthly employment report.

Elsewhere, the USD / CNY rose 0.1% to 6.3661, after previously falling to a six-month low of 6.3596, and the official PMI manufacturing data for the yuan in November was better than expected. Following the release of the manufacturing PMI.

The data was resilient. The Korean won also hit a two-week high with more transaction data than expected. Two data releases show that global production has been sluggish over the past month. $ 4,444 / TRY fell 0.1% to 13.4557, with Lira rising after hitting a record low on Tuesday.