Forex Top Story

Dollar Rises Against Major Rivals After Powell Hints At Tighter Policy

The U.S. dollar gained against its major rivals on Friday, riding on Fed Chair Jerome Powell's remarks that the central bank would continue to keep interest rates higher to tame inflation.

Speaking at the Jackson Hole Economic Symposium, Powell said the Fed would keep raising rates until there is confidence that the job is done.

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by RTTNews Staff Writer

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