Dollar moves in a narrow range ahead of inflation data, Jackson Hole
Investors awaited July U.S. PCE data, with economists expecting core inflation to rise 3.3% and keep Federal Reserve policy cautious.
8 Articles
8 Articles
Dollar moves in a narrow range ahead of inflation data, Jackson Hole
By Gregor Stuart Hunter SINGAPORE, Aug 26 (Reuters) - The dollar was rangebound in early Asian trading on Wednesday as an uneasy calm hung over currency markets, with investors awaiting inflation reports from major economies including the U.S. ahead of...
The dollar gained slightly ahead of US inflation data. Major currencies traded in a narrow range as markets awaited the Jackson Hole meeting and Fed messages. The data will clarify the Fed's next steps. The US dollar remained within a limited range against global currencies on Wednesday, with investors closely watching the direction of the USD Index ahead of central banker speeches at Jackson Hole this week. The Dollar Index (DXY) rose 0.1% to 9…
U.S. dollar rangebound ahead of inflation data
The US Dollar Index ticked up 0.1% to 98.98, still within striking distance of last week’s three-month low The U.S. dollar held in a narrow range on Wednesday as investors awaited key U.S. inflation data for clues on the central bank’s policy path, while the Australian dollar strengthened after hotter-than-expected domestic inflation revived bets on another rate hike. The US Dollar Index ticked up 0.1% to 98.98 by 06:05 GMT, still within strikin…
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