Currency traders work near a screen showing the Korea Composite Stock Price Index , top left, and the foreign exchange rate between the U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 19, 2024. Japan’s benchmark index fluctuated in morning trading. The Nikkei 225 shed 15.50 points to 38,047.
Because the Fed has said its upcoming moves will depend in large part on what data reports at the time say, “it will be difficult for Powell to pre-commit to a particular trajectory at Jackson Hole,” said economists at Deutsche Bank led by Matthew Luzzetti. Bangkok’s SET increased 0.8% after data showed the country's gross domestic product in the second quarter increased 2.3% compared to a year earlier, driven by tourism.
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