January 11, 2022
FOREX-Dollar eases after Powell testimony; riskier currencies rise
"Powell defied the hawkish commentary of others on the Fed’s rate-setting committee, suggesting that a quantitative tightening decision will come in the next two to four meetings, with bonds allowed to roll off in an organic manner - as opposed to actively selling securities into the market," said Karl Schamotta, chief market strategist at Corpay.