Dollar steady before Jackson Hole, yen little changed after BOJ’s Himino speech
The U.S. dollar remained stable prior to the Jackson Hole symposium, while the yen showed minimal movement after the Bank of Japan's Deputy Governor Ryozo Himino's speech. Himino hinted that timely rate hikes could prevent an inflation surge, but avoided explicitly predicting a September rate increase. Market analysts noted the yen's stability might not indicate a decline in September rate hike expectations.
The U.S. dollar index remained unchanged at 99.12 after reaching an eight-day high. U.S. inflation data showed a 3.7% increase in the 12 months through July, slightly higher than the 3.6% estimate from economists. The Federal Reserve's decision on rate hikes by year-end still remains uncertain, with Fed Chairman Kevin Warsh's speech at Jackson Hole being crucial.
Meanwhile, the Japanese yen strengthened slightly against the U.S. dollar at 159.29, while the Australian dollar rose 0.22% to $0.7183.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Dovish or Hawkish? Markets await Warsh’s Jackson Hole debut for rate, policy clues scmp.com
- Treasury yields ease ahead of jobs data and Jackson Hole cnbc.com
- Currency markets steady before Jackson Hole symposium freemalaysiatoday.com
- Forex Today: Markets quiet down ahead of Jackson Hole Symposium fxstreet.com
- Anxious investors hope for clarity on Warsh’s Fed plan at Jackson Hole investing.com
- Dollar steady before Jackson Hole, yen little changed after BOJ's Himino speech channelnewsasia.com
