Aug 20 Reuters The dollar hit a fresh sevenmonth low on Tuesday with traders bracing for comments from Federal Reserve Chair Jerome Powell due on Friday, which could provide clues about the speed of the U.S. monetary easing cycle.

Meanwhile, Sweden39;s crown fell after swinging up and down in morning trade as the central bank cut rates and said it could speed up policy easing if price pressures did not pick up.

It was last down 0.33 at 10.27 versus the U.S. dollar after hitting 10.33 earlier in the session a few minutes after the Riksbank announcement.

None of this Riksbank statement is hugely surprising, but its still remarkable just how much the central banks stance has changed over these past few months, said James Smith, economist at ING.

The euro last fetched 1.1078 on Tuesday having touched 1.1087, its highest since Dec. 28 in early trading.

The dollar index , which measures the U.S. currency against six rivals, was last at 101.82 after touching its lowest since Jan. 2 of 101.76 earlier in the European session.

The focus this week is Powell39;s speech during an annual gathering of central bankers in Jackson Hole, but minutes of the Fed39;s last meeting will also be in the spotlight.

Some analysts say the next few weeks will likely prove decisive on whether the Fed cuts by 5075 bps this year or by 150 bps or more. The Jackson Hole conference is the first opportunity for the Fed to push back against the chance of a 50bps cut at one of the year39;s three…