The US dollar is trading at levels last seen eight months ago as traders wait for Fed chair Jerome Powell’s Jackson Hole speech later this week.
Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇪🇺EUR: -0....” – will be held on August 22-24 with Fed chair Jerome Powell’s keynote speech on Friday as the main attraction. Traders expect chair Powell to signal that the Federal Reserve will start cutting interest rates in September with financial markets currently pricing in nearly 100 basis points of rate cuts by the end of this year.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar hits seven-month low at start of Jackson Hole weekThe US Dollar (USD) trades substantially softer this Monday, touching its lowest level since mid-January, mainly driven by a more than 1% appreciation of the Japanese Yen (JPY) against the Greenback.
Read more »
Yuan creeps higher as dollar wobbles ahead of Jackson HoleYuan creeps higher as dollar wobbles ahead of Jackson Hole
Read more »
FX Week Ahead: Market Eyes Jackson Hole, PMI With US Dollar Slightly PressuredForex Analysis by Fawad Razaqzada covering: EUR/USD, GBP/USD, USD/JPY, US Dollar Index. Read Fawad Razaqzada's latest article on Investing.com
Read more »
2nd Chicago ‘rat hole' going viral on Reddit, months after removal of previous holeMonths after the apparent impression of a rat on a Chicago sidewalk went viral and attracted nationwide attention before eventually being removed, the sighting…
Read more »
Dow Jones, Nasdaq, S&P 500 weekly preview: Powell's Jackson Hole speech in focusDow Jones, Nasdaq, S&P 500 weekly preview: Powell's Jackson Hole speech in focus
Read more »
Dovish risk into Jackson Hole event is that Powell suggests a 50bps rate cut: CitiDovish risk into Jackson Hole event is that Powell suggests a 50bps rate cut: Citi
Read more »