US Dollar On The Rise

According to Reuters, remarks from the Federal Reserve chairman boosted the strength of the US dollar.
In written testimony, Fed chair Jerome Powell said the US economy had a bright future for the next several years.
Citing a strong job market and inflation remaining around the Fed's target of 2-percent, Powell's comments reinforced optimism towards the US economy.
According to Peter Cecchini with Cantor Fitzgerald, Powell's remarks suggest the Fed's data shows a strong and growing economy.