US dollar dips in choppy trade
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The US dollar slipped in choppy trading after Federal Chair Jerome Powell suggested that the US central bank is likely to start its easing cycle later this year. Powell's comments offset data showing US job openings increased in May. US rate futures have priced in a 69% chance of a rate cut in September. The dollar index was down 0.1% at 105.74. The dollar has been supported by the rise in Treasury yields. Against the yen, the greenback was slightly down at 161.43. The euro was flat against the dollar at $1.0739.
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https://www.brecorder.com/news/40310928
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