Forex – dollar steady in order to Powell and despite the geopolitical tensions

© Reuters. – The greenback is almost unchanged on Wednesday as the conflict between India and Pakistan has resulted in a break of investors, in view of another appearance of the president of the federal Reserve, and Jerome Powell.

India and Pakistan, both of which are nuclear-weapon states, announced on Wednesday that it had started air strikes as cross-border attacks have started for the first time since the 1971 war.

The dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.05% at 95,91 at 10: 01 am ET (15h01 GMT) after a decline of 0.42% on Tuesday after comments from Powell.

Powell reiterated the approach of “patient” from the central bank’s monetary policy.

“The committee can now assess the timing and approach appropriate to the end of the balance sheet,” said Powell in a testimony prepared to be delivered to the banking Committee of the u.s. Senate Tuesday.

The {{frl || Fed}} has made a pause on its rate of increase of the rates so that it evaluates the headwinds in the national economy and abroad, deleting the words “incremental increases” in interest rates in its policy statement in January.

The dollar was higher against the yen and refuge, with USD / JPY up 0.21% at 110.80.

Elsewhere, the british pound has rebounded on optimism of a Brexit, with GBP / USD rising 0.54% to 1,3321. The euro has slightly declined with a decrease in the EUR / USD 0.04% 1,1380.

In Australia, the AUD / USD fell 0.6% to 0,7139, while the NZD / USD fell 0.5% to 0,6845.

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