The dollar retreated on Tuesday as global equity markets showed some signs of stability after their recent rout, reviving risk appetite that has fuelled bets against the U.S. currency on prospects of its narrowing interest rate advantage. Still, many market players are not convinced the worst is over, with U.S. bond yields stuck at elevated levels ahead of Wednesday’s U.S. consumer price data that could rekindle worries about inflation. “I think markets will remain shaky until (Federal Reserve Chairman Jerome) Powell’s congressional testimony on Feb. 28. Markets will try to test him until they hear his thinking,” ... (full story)