LONDON—The U.S. dollar eased on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell ahead of the February jobs report at the end of the week that will likely influence how much more the U.S. central bank will raise interest rates.
The dollar index, which measures the performance of the U.S. currency against six others, was last down 0.1 percent at 104.53. The index last week clocked a weekly loss for the first time since January.
After delivering jumbo hikes last year, the Fed has raised interest rates by 25 basis points at its last two meetings, but a slew of resilient economic data has stoked market fears the central bank might return to its aggressive path….