Dollar steadies ahead of Jackson Hole meetings
The dollar steadied on Thursday after another politically-driven slide against the euro and yen, helped by nerves over what message Federal Reserve policymakers will send during meetings in Jackson Hole starting later in the day. The dollar’s 14 percent decline against the euro this year has come courtesy of a collapse in expectations for tax cuts and other pro-growth moves by the Trump administration that weaken the case for further rises in Fed interest rates. Any harder signal on that issue from Fed chair Janet Yellen when she speaks on Friday would be liable to help the greenback.
Source:: https://finance.yahoo.com/news/dollar-regains-footing-focus-central-bankers-021241264–finance.html
