Dollar index rises 0.3% this week as traders await Fed signals

The U.S. dollar recovered some of last week’s losses as investors awaited guidance on the Federal Reserve’s policy path at the Jackson Hole symposium. The dollar index stood at 99.158, up about 0.3% this week after falling 0.8% last week, while the euro was flat at $1.1652, the pound slipped 0.08% to $1.3587 and the yen was largely steady at 159.35 per dollar. July inflation rose more than expected, while data reiterated that the U.S. economy grew 1.5% in the second quarter, supporting expectations that rates could remain restrictive through year-end. Traders price no change in borrowing costs in September but a 70% chance of at least a 25-basis-point Fed hike by December. Analysts said the dollar’s gains could be limited if the central bank does not raise rates this year, while fiscal concerns and debate over government intervention remain an overhang. Bitcoin has gained 25% this month to $78,853.88. Markets are watching Chairman Kevin Warsh’s Friday remarks at Jackson Hole, weekly jobless claims and policy signals from the Bank of Japan.

当サイトの情報はAIを用いて生成されており、正確性を保証するものではありません。 参考情報としてご活用ください。