Dollar edges lower ahead of Jackson Hole; euro, sterling higher
- The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated...
- The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated...
The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated speech at the Jackson Hole symposium. This weakness followed concerns about a weakening economy and on expectations the Federal Reserve is close to cutting interest rates. The focus is now squarely on an address by Powell at the Jackson Hole Symposium later on Friday, where he is expected to provide more cues on interest rates and the economy.
The dollar’s sharp decline against most currencies continued this week.
Bank of Japan Gov. Kazuo Ueda reaffirmed that the bank plans to continue raising rates, after recent communications confused market players about its future policy path. Earlier this month, speculation about tighter BOJ rate policy and concern about the U.S. economic outlook hit Tokyo stocks and sharply boosted the yen. Market players took Ueda's message more calmly on Friday, as the governor promised to pay close attention to market developments.
-- Most Asian currencies firmed on Friday as a rebound in the dollar cooled before an upcoming address by Federal Reserve Chair Jerome Powell, where he is expected to...
Investors should buy protection now as the volatility seen in August is likely to return amid a closely contested U.S. election race, according to a report released Tuesday by BCA Research.
Investors are eagerly awaiting US Federal Reserve chair Jerome Powell's speech at the Jackson Hole symposium.
The greenback continues to see a bit of support in the USD/JPY pair, as we see a bit of stabilization at this point in time. This pair is of course the epicenter of the carry trade, and therefore people will continue to watch this market.
The Aussie dollar continues to see a lot of noisy behavior, but at this point in time we are a bit overdone, and now are pressuring the top of the range we have been in for some time. It is further backed by the Stochastic Oscillator as well, as it
– Indonesia stocks were lower after the close on Thursday, as losses in the Infrastructure, Financials and Agriculture sectors led shares lower.