Dollar Attempts a Modest Rebound After Powell-Led SelloffSingapore, 25 Aug (ONA) — The U.S. dollar today edged higher, striving to stabilize after a sharp decline triggered by Federal Reserve Chair Jerome Powell’s unexpectedly dovish commentary last week. The greenback’s attempted recovery follows a selloff that drove it to a four-week low against the euro.In early Asian trading, the dollar index registered modest gains. The currency added 0.2% to trade at $1.1699 per euro, though it remained within close range of Friday’s low of $1.174225—a level not seen since late July. It also saw a 0.1% increase against sterling, reaching $1.3502, after sliding 0.8% in the previous session. Against the yen, the dollar advanced 0.4% to 147.46, recouping a portion of Friday’s 1% decline.The moves represent a tentative consolidation after Powell signaled a potential shift toward a less aggressive monetary policy stance, which had prompted a broad-based dollar retreat and boosted risk-sensitive currencies. The Australian dollar, for instance, briefly jumped to a one-week peak of $0.6523 before paring gains to trade slightly lower at $0.6484. The pullback followed a substantial 1.1% surge during the previous session as investor sentiment initially improved.— Ends/Khalid