The Dollar was largely rangebound in N.Y. on Tuesday, though ultimately headed slightly lower. The DXY topped at 92.13 early, later hitting a low of 89.76. Trade was light ahead of Fed Chair Powell’s testimony, though based on his published written remarks, he should not stray from his recent stance on employment and inflation. Incoming data saw existing home sales and the Richmond Fed index beat expectations, though neither had much impact on the USD. Wall Street was modestly higher, while Treasury yields were little changed.

The dollar has found its feet after correcting yesterday. The DXY dollar index has setted near the 92.00 level after printing a low at 91.83 yesterday. The low was just 2 pips shy of Friday’s low. The dollar remains up by over 1.6% from levels prevailing ahead of Fed’s announcement last week. EUR-USD has dipped back under 1.1900 after peaking yesterday at 1.1921. The likes of Cable and AUD-USD have seen similar price actions. USD-JPY lifted to its best levels since last Thursday, pegging a high earlier at 110.53.

The dollar has found its feet after correcting yesterday. The DXY dollar index has setted near the 92.00 level after printing a low at 91.83 yesterday. The low was just 2 pips shy of Friday’s low. The dollar remains up by over 1.6% from levels prevailing ahead of Fed’s announcement last week. EUR-USD has dipped back under 1.1900 after peaking yesterday at 1.1921. The likes of Cable and AUD-USD have seen similar price actions. USD-JPY lifted to its best levels since last Thursday, pegging a high earlier at 110.53.