Tag: Fed
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Greenback larger after Powell says Fed inflation battle ‘has a protracted approach to go’
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. greenback edged larger in opposition to a basket of currencies on Wednesday after Federal Reserve Chair Jerome Powell stated the central financial institution’s battle to decrease inflation “has a protracted approach to go”. The greenback index, which measures the foreign money in opposition to six rivals,…