Forex Today: Markets quiet down ahead of Jackson Hole Symposium
Here is what you need to know on Thursday, August 27:
On Thursday, August 27, the forex market remained subdued as traders avoided significant positions before the Jackson Hole Symposium. The US economy released data on the July Goods Trade Balance and weekly Initial Jobless Claims. The US Dollar (USD) emerged as the strongest currency against the Canadian Dollar, showing the most substantial percentage change among major currencies.
The Personal Consumption Expenditure (PCE) Price Index rose by 3.7% year-over-year, and the core PCE Price Index rose by 3.3%. The US Dollar Index climbed higher following these releases, closing the day in positive territory. Fed Chair Kevin Warsh was set to deliver a speech at the Jackson Hole Symposium on Friday, August 28, which analysts deemed crucial for interpreting the Fed's policy stance.
Written by urgent.news from FXStreet'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.
- United States Dollar holds gains near 99, all eyes on Jackson Hole Symposium fxstreet.com
- Dollar steady before Jackson Hole, yen little changed after BOJ's Himino speech channelnewsasia.com
- Currency markets steady before Jackson Hole symposium freemalaysiatoday.com
- Dovish or Hawkish? Markets await Warsh’s Jackson Hole debut for rate, policy clues scmp.com
- Dollar steady before Jackson Hole, yen little changed after BOJ’s Himino speech investing.com
- Treasury yields ease ahead of jobs data and Jackson Hole cnbc.com
