fromLondon Business News | Londonlovesbusiness.com
2 days agoDollar steady ahead of jobless claims data and Powell's Jackson Hole remarks - London Business News | Londonlovesbusiness.com
The US dollar was mostly unchanged on Thursday as investors avoided major positioning ahead of the Federal Reserve's Jackson Hole symposium. Market participants remain cautious, with sentiment restrained by concerns about monetary policy and political risks. Attention now shifts squarely to Fed Chair Jerome Powell's address on Friday. Markets are pricing in an 81% chance of a quarter-point rate cut in September. Another cut is expected in December.