Dollar slips ahead of Powell comments; Swiss franc at seven week high

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Reuters UK

LONDON (Reuters) – The dollar slipped on Tuesday but was stuck within recent ranges as investors waited for U.S. Federal Reserve Chair Jerome Powell to speak at a congressional hearing later in the day. European shares were up in early trading, following a late-session recovery for Wall Street, while U.S. Treasury yields were a touch higher. 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 as he seeks a second four-year term as head of the Fed. Powell will tell Congress that the bank wil…

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