After dropping to a one-week low, the U.S. dollar rebounded on Thursday, riding on comments from Federal Reserve Chief Jerome Powell that signaled a series of rate hikes, including a 50-basis points raise.
Participating in an International Monetary Fund panel, Powell said he believes it would be appropriate to raise rates "a little more quickly" and predicted a 50 basis point rate hike would be on the table at the Fed's May meeting.
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