Minutes of the Federal Reserve's July policy meeting and a speech from Chair Jerome Powell at Jackson Hole are likely to be the main drivers of currency...
SINGAPORE - The U.S. dollar was struggling to make headway against its peers on Monday, though it traded in a tight range as investors awaited fresh catalysts this week that could offer clues on the outlook for U.S. interest rates.
"Markets will be laser focused to what Powell has to say at the end of this week, and on that, I think it will be a great opportunity for Powell to either endorse or push back market pricing," said currency strategist Carol Kong at Commonwealth Bank of Australia . With those worries now moderating, traditional safe haven assets such as the yen - which received a boost from a flight to safety - have given up some of their early August gains.The Japanese currency was last 0.2% lower at 147.93 a dollar, having fallen some 4% from a seven-month high at the start of the month.
The New Zealand dollar rose 0.16% to $0.6062, while the Australian dollar hit a one-month high of $0.66865. “The Bachelor”'s Ben Higgins and Wife Jessica Clarke Are Expecting Their First Baby: The Next Chapter of Our Love Story!'
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