Dollar stands tall as Powell reappointment firms hawkish Fed bets

By Alun John

HONG KONG (Reuters) – The dollar was near a four-and-a-half-year top against the yen on Tuesday, after Federal Reserve Chair Jerome Powell was reappointed for a second term, emboldening bets on higher U.S. interest rates.

At 114.8 yen the…

Click here to view the original article.