* Investors wait on Powell speech for rate hike clues
* Sterling gains before BoE Brexit analysis
(New throughout, updates trading, adds comments to U.S. market
open, previous LONDON)
By Karen Brettell
NEW YORK, Nov 28 (Reuters) - The dollar index was little
changed on the day on Wednesday before Federal Reserve Chairman
Jerome Powell is due to speak, while sterling gained as
investors positioned before the Bank of England's release of its
analysis of Britain's exit from the European Union.
Powell's speech at 12 p.m. EST (1700 GMT) will be evaluated
for any new indications of caution as global growth slows and as
the U.S. central bank comes under renewed criticism from
President Donald Trump for raising interest rates.
The British government and the Bank of England are likely to
step up their warnings on Wednesday of a hit to the economy from
a no-deal Brexit, potentially helping Prime Minister Theresa May
to tackle deep opposition to her plan.
The BoE will publish its assessment of the implications for
interest rates and its oversight of the banking sector arising
from different Brexit scenarios at 11:30 a.m. EST (1630 GMT).
"I think people are waiting for the Powell luncheon speech,
as well as the Bank of England's Brexit analysis," said Win
Thin, global head of currency strategy at Brown Brothers
Harriman in New York.
The dollar had been under pressure in recent weeks on signs
that the Fed might reduce the pace of rate increases amid
slowing global growth, peak corporate earnings and the
escalating trade tensions.
"How concerned the Fed sounds about the current economic
slowdown will be seen as an indication as to how quickly a rate
pause might come," said Thu Lan Nguye, a currency strategist
with Commerzbank in Frankfurt.
Investors also will focus on whether Powell addresses
growing hostility from Trump, who said in a Washington Post
interview on Tuesday he is "not even a little bit happy" with
the Fed chairman and that the central bank's policies are
hurting the economy.
Minutes from the Fed's Nov. 7-8 meeting, to be released on
Thursday, will also be evaluated for further indications of how
many more times the U.S. central bank is likely to hike interest
rates.
Investors are also focused on the G20 summit in Buenos Aires
on Friday and Saturday, where Trump and his Chinese counterpart,
Xi Jinping, are scheduled to discuss contentious trade matters.
Trump said this week that it was "highly unlikely" he would
accept China's request to hold off a planned increase in
tariffs. That drove investors to safe-haven currencies such as
the dollar.
========================================================
Currency bid prices at 9:12AM (1412 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar EUR= $1.1279 $1.1288 -0.08% -5.98% +1.1304 +1.1267
Dollar/Yen JPY= 113.8700 113.7700 +0.09% +1.07% +113.9000 +113.7200
Euro/Yen EURJPY= 128.44 128.44 +0.00% -4.99% +128.6900 +128.2700
Dollar/Swiss CHF= 0.9991 0.9987 +0.04% +2.55% +1.0002 +0.9982
Sterling/Dollar GBP= 1.2783 1.2747 +0.28% -5.40% +1.2805 +1.2733
Dollar/Canadian CAD= 1.3339 1.3293 +0.35% +6.06% +1.3342 +1.3291
Australian/Doll AUD= 0.7241 0.7223 +0.25% -7.18% +0.7247 +0.7223
ar
Euro/Swiss EURCHF= 1.1272 1.1276 -0.04% -3.57% +1.1290 +1.1266
Euro/Sterling EURGBP= 0.8823 0.8859 -0.41% -0.68% +0.8870 +0.8811
NZ NZD= 0.6794 0.6786 +0.12% -4.12% +0.6806 +0.6784
Dollar/Dollar
Dollar/Norway NOK= 8.6006 8.6021 -0.02% +4.80% +8.6124 +8.5836
Euro/Norway EURNOK= 9.7007 9.7116 -0.11% -1.49% +9.7186 +9.6974
Dollar/Sweden SEK= 9.0843 9.1056 -0.34% +10.76% +9.1210 +9.0797
Euro/Sweden EURSEK= 10.2479 10.2824 -0.34% +4.15% +10.2870 +10.2470
(Additional reporting by Tom Finn and Saikat Chatterjee in
London; Editing by Will Dunham)
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