Reported 3 days ago
The U.S. dollar remained stable below a recent high while Asian stock markets showed mixed results as investors awaited significant announcements from the Federal Reserve's annual symposium in Jackson Hole. With central bankers convening and focus on Fed Chair Jerome Powell's upcoming speech, traders are speculating about potential interest rate cuts. Japan's Nikkei fell 0.6%, while South Korea's KOSPI rose 0.9%. Concerns about market reactions to Fed policies, particularly in light of pressure from President Trump regarding rate decisions, continue to inform investor sentiment.
Source: YAHOO