The dollar slipped on Friday as investors bet U.S. interest rates have peaked, while the yen edged higher after Japan's core consumer
November 24, 2023
– The dollar slid from a 12-week peak on Monday as traders weighed U.S. and European central bankers’ monetary options after last week’s Jackson Hole meeting, while Beijing’s decision to halve stamp duty on stock trading helped to lift the euro. The dollar index, which measures the U.S. currency against six peers, edged 0.08 lower to 104.08 after hitting its highest since early June on Friday. The index is up more than 2% in August and set to snap a two-month losing streak. Fed Chair Jerome Powell told the annual Jackson Hole
August 28, 2023
– The dollar slid from a 12-week peak on Monday after Federal Reserve Chair Jerome Powell left open the possibility of further rate hikes, while the China-sensitive euro edged up in the wake of Beijing halving its stamp duty on stock trading. The dollar index, which measures the U.S. currency against six peers, edged 0.06% lower at 104.11, after hitting its highest since early June on Friday. The index is up over 2% in August and set to snap a two-month losing streak. In an eagerly awaited speech at the annual Jackson
August 28, 2023
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