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EUR/USD holds above 1.0550 as Powell testifies
EUR/USD clings to modest daily gains above 1.0550 in the American session on Wednesday. In the second day of his semi-annual testimony, FOMC Chairman Jerome Powell noted that they have not made a decision about March meeting, causing the US Dollar to lose some interest.
Gold: Bulls losing the battle, $1,800 at sight
Spot gold spent the first half of the day consolidating weekly losses in the $1,810 price zone, turning marginally higher after Wall Street’s opening. The US Dollar lost some steam after soaring in the aftermath of Federal Reserve (Fed) Chairman Jerome Powell’s first day of testimony before Congress.