The U.S. dollar was largely steady on Wednesday, as traders avoided making large bets ahead of congressional testimony from Federal Reserve Chair Jerome Powell, as well as the European Central Bank's, or ECB, rate decision and U.S. jobs data later this week.
In cryptocurrencies, bitcoin was slightly up but stayed below a record high reached in a volatile overnight session.
Powell is expected to reinforce that the Fed will wait for more data before making any rate cuts.
Elsewhere, the ECB is widely expected to leave interest rates at a record 4% at its policy meeting on Thursday.
Markets are also keeping a close eye on the world's largest cryptocurrency, bitcoin , after it surged to a record high overnight before retreating sharply.
Persons:
Jerome Powell, bitcoin, Powell's, Powell, Carol Kong, Sterling
Organizations:
U.S, Federal, European Central Bank, Institute for Supply Management, Traders, Commonwealth Bank of Australia, ECB
Locations:
U.S