The dollar eased on Tuesday and was trading in a range bound manner as investors waited for Federal Reserve Chair Jerome Powell to speak at a congressional hearing later in the day. Investors are hoping that Powell will give clues as to the timing of monetary policy tightening, when he answers questions from the Senate Banking Committee. The dollar index was lingering near 95.90 levels, well below the 16-month highs it touched at the end of November amid increasing hawkishness from Fed policymakers.
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