Dollar licks wounds; market looks to Jackson Hole | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

SINGAPORE, Aug 24 — The dollar was smarting today following its sharpest one-day fall since May, though traders were wary of chasing the mood-driven move lower ahead of a Federal Reserve symposium that could map out an end to stimulus and asset purchases. The greenback nursed Monday losses of 1...

SINGAPORE, Aug 24 — The dollar was smarting today following its sharpest one-day fall since May, though traders were wary of chasing the mood-driven move lower ahead of a Federal Reserve symposium that could map out an end to stimulus and asset purchases.

The euro, which rose 0.4 per cent yesterday, eased a tiny bit to US$1.1738 and the dollar index, which dropped about 0.5 per cent yesterday, edged up from a one-week low to 93.038. The Japanese yen and Swiss franc both perched just above their 20-day moving averages, with the yen at 109.76 per dollar and the franc at 0.9131 per dollar.

“There has not been a clear shift in Fed expectations... prefer to focus on more sustainable drivers — macro concerns and monetary policy divergence — both of which are favourable to the dollar,” they said, with the dip presenting a buying opportunity.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks fragile amid growth worries, dollar in demand | Malay MailSYDNEY, Aug 23 — Asian share markets were trying to pick up the pieces today following last week’s thrashing as coronavirus concerns showed little sign of abating, while safe-haven flows benefited the dollar ahead of a key update on US monetary policy. A raft of “flash” manufacturing...
Source: malaymail - 🏆 1. / 86 Read more »