U.S. dollar rallies after Powell's comments

NEW YORK, Nov. 28 (Xinhua) -- The U.S. dollar rose against most other major currencies on Tuesday after U.S. Federal Reserve chair nominee Jerome Powell said he expected the central bank to continue monetary tightening and to ease regulatory burdens on financial system.

In late New York trading, the euro fell to 1.1839 dollars from 1.1899 dollars in the previous session, while the dollar bought 111.55 Japanese yen, higher than 111.02 yen of the previous session. Enditem