The U.S. dollar registered some modest gains after President Donald Trump on Thursday announced he would nominate Jerome Powell to be chairman of the Federal Reserve. Powell is a Fed governor and was considered a dovish candidate to fill the shoes of present Chairwoman Janet Yellen after her term ends in February. The ICE U.S. Dollar index , which has been lower for all of Thursday, was initially muted but pared its previous losses upon Powell’s acceptance. It was last down 0.1% down at 94.723.
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