US Open Preview – Dollar broadly weaker ahead of Powell’s testimony; Stoxx 600 hits 3-week high

Here are the latest developments in global markets: Forex: The dollar remained broadly weaker against a basket of currencies, with markets eagerly awaiting Jerome’s Powell congressional testimony for positioning on the US currency moving forward. Euro/dollar was 0.3% up and Pound/dollar traded higher by 0.5%, hitting a 10-day high of 1.4069 earlier on Monday. Sterling […]