The US dollar held onto recent gains but bond yields retraced yesterday’s Powell-related rise.

The US dollar held onto recent gains but bond yields retraced yesterday’s Powell-related rise.

New Fed Chair Powell’s debut testimony caused ripples across markets. US bond yields and the USD rose, while equities and commodities fell. Powell repeated the gradualism mantra, as was widely expected, but noted improvements in the economy.

New Fed Chair Powell’s debut testimony caused ripples across markets. US bond yields and the USD rose, while equities and commodities fell. Powell repeated the gradualism mantra, as was widely expected, but noted improvements in the economy.

New Fed Chair Powell’s debut testimony caused ripples across markets. US bond yields and the USD rose, while equities and commodities fell. Powell repeated the gradualism mantra, as was widely expected, but noted improvements in the economy.

The US stockmarket recovery continued, with a 0.8% gain in the S&P500 overnight, taking it to a three-week high. The improvement in risk appetite didn’t extend to the US dollar and bond yields, though, both seeing little net change after earlier falls.

The US stockmarket recovery continued, with a 0.8% gain in the S&P500 overnight, taking it to a three-week high. The improvement in risk appetite didn’t extend to the US dollar and bond yields, though, both seeing little net change after earlier falls.

US equities ended the week on a high, the S&P500 rising 1.6% to the top of the week’s range. Bond yields fell, but the USD was little changed. The Fed’s semi-annual monetary policy report revealed little new information.

US equities ended the week on a high, the S&P500 rising 1.6% to the top of the week’s range. Bond yields fell, but the USD was little changed. The Fed’s semi-annual monetary policy report revealed little new information.

US equities ended the week on a high, the S&P500 rising 1.6% to the top of the week’s range. Bond yields fell, but the USD was little changed. The Fed’s semi-annual monetary policy report revealed little new information.