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Currencies: Dollar adds to its Powell-driven gains

The U.S. dollar on Wednesday added to its rally from the prior day, which came after Federal Reserve chief Jerome Powell said he had become more upbeat on the American economy since December.

The new Fed boss on Tuesday highlighted ways that he personally thinks the economic outlook has strengthened, and his comments before a House panel helped send the dollar and Treasury yields higher, while U.S. stocks slumped.

Opinion:Powell’s first faux pas came quick

And see:4 financial-market takeaways from Powell’s debut

What are currencies doing?

The ICE U.S. Dollar Index DXY, +0.06% rose to 90.431 early Wednesday, up from 90.379 late Tuesday in New York.

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