Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009.
The dollar stood near a one-year high at 151.38 yen on Friday and touched one-week highs against the Australian and New Zealand dollars.
The greenback, however, regained its footing this week and was eyeing a weekly gain of roughly 1.3% against the yen, its best performance since August.
The Aussie and the kiwi were likewise headed for a 2.4% and 1.8% weekly decline against the dollar respectively, also their steepest drop in months.
"Even though we don't expect Powell to deliver on the tightening bias, that tightening bias does support the dollar," said Kong.
Persons:
Rick Wilking, Jerome Powell, Powell, Tina Teng, it's, Carol Kong, Carl Szantyr, Rae Wee, Lincoln
Organizations:
REUTERS, Rights, Federal, New, CMC Markets, Fed, Commonwealth Bank of Australia, Australian, New Zealand, U.S . Securities, Exchange Commission, Thomson
Locations:
Westminster , Colorado, Rights SINGAPORE, New Zealand, U.S, China