* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
* Fed's Powell says trade, global concerns weigh on U.S.
economy
* Dollar hits session low vs yen, euro after Powell remarks
(Recasts, adds comments, FX table, Powell's remarks, changes
byline, dateline)
By Gertrude Chavez-Dreyfuss
NEW YORK, July 10 (Reuters) - The dollar fell on Wednesday
after Federal Reserve Chairman Jerome Powell struck a downbeat
tone in his testimony, saying trade uncertainties and concerns
about the global outlook continued to exert pressure on the U.S.
economy.
The greenback hit session lows versus the euro and yen after
Powell's comments, which reinforced expectations the Fed will
cut interest rates for the first time in a decade at its next
monetary policy meeting later this month.
In prepared remarks to a congressional committee, Powell
said the Fed stands ready to "act as appropriate" to sustain a
decade-long expansion.
He also contrasted the Fed's "baseline outlook" of continued
U.S. growth against a considerable set of risks - including
persistently weak inflation, slower growth in other major
economies, and a downturn in business investment driven by
uncertainty over just how long the Trump administration's trade
war with China and other countries will last and how intense it
will become. In early morning trading, the dollar fell 0.2% versus the
yen to 108.66, while the euro rose 0.3% against the dollar to
$1.1244 EUR= .
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Currency bid prices at 8:47AM (1247 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar EUR= $1.1243 $1.1206 +0.33% -1.97% +1.1246 +1.1202
Dollar/Yen JPY= 108.6000 108.8400 -0.22% -1.51% +108.9800 +108.6100
Euro/Yen EURJPY= 122.12 122.01 +0.09% -3.25% +122.3200 +121.9800
Dollar/Swiss CHF= 0.9896 0.9934 -0.38% +0.84% +0.9941 +0.9897
Sterling/Dollar GBP= 1.2509 1.2465 +0.35% -1.94% +1.2512 +1.2445
Dollar/Canadian CAD= 1.3090 1.3125 -0.27% -4.01% +1.3137 +1.3088
Australian/Doll AUD= 0.6954 0.6927 +0.39% -1.35% +0.6956 +0.6911
ar
Euro/Swiss EURCHF= 1.1130 1.1135 -0.04% -1.10% +1.1139 +1.1121
Euro/Sterling EURGBP= 0.8986 0.8991 -0.06% +0.02% +0.9009 +0.8985
NZ NZD= 0.6643 0.6603 +0.61% -1.10% +0.6646 +0.6569
Dollar/Dollar
Dollar/Norway NOK= 8.5983 8.6505 -0.60% -0.47% +8.6637 +8.5981
Euro/Norway EURNOK= 9.6677 9.6960 -0.29% -2.41% +9.7129 +9.6686
Dollar/Sweden SEK= 9.4250 9.4712 -0.20% +5.15% +9.4799 +9.4242
Euro/Sweden EURSEK= 10.5980 10.6190 -0.20% +3.25% +10.6320 +10.5979