Reported about 2 months ago
The U.S. dollar is nearing its lowest point in over a year against the euro and pound, pressured by a dovish tone from the Federal Reserve and signs of a weakening job market. With the dollar falling below 145 yen and the Fed hinting at potential interest rate cuts in September, traders are seeking clarity on future monetary policies. Fed Chair Jerome Powell is expected to provide insights at the upcoming Jackson Hole symposium, heightening market anticipation.
Source: YAHOO