Dollar Stagnates Ahead of FOMC Insights and Powell's Remarks

Reported about 2 months ago

The U.S. dollar remains relatively unchanged as investors await key developments this week, including minutes from the Federal Reserve's July meeting and Chair Jerome Powell's speech at Jackson Hole. The market is anticipating a 25-basis-point rate cut in September, as economic data suggests a potential easing cycle, influencing currency trading dynamics, particularly against the euro and sterling.

Source: YAHOO

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