U.S. Dollar Near Two Week Low Before Yellen Speaks

The dollar wallowed near a two-week low against a basket of major currencies early on Tuesday, following a subdued U.S. session trade as markets hunkered down ahead of congressional testimony by new Federal Reserve Chief Janet Yellen.

The dollar index last traded at 80.640, having inched down overnight to 80.590, a low not seen since Jan. 30. Against the yen, the dollar eased to 102.21 from a one-week high of 102.65.

Outperforming both the dollar and yen, the euro drifted up to near two-week highs of $1.3652 and 139.80 yen.


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