Forex

[LONDON] The US dollar showed signs of recovering some of last week’s losses on Thursday (Aug 27), as investors awaited signals on the US Federal Reserve’s policy path at the Jackson Hole symposium.

[LONDON/SINGAPORE] The dollar edged higher but remained range-bound against major peers on Wednesday (Aug 26) as investors awaited US inflation data that could set the tone ahead of the Jackson Hole symposium of central bankers later this week.

[LONDON] The US dollar held steady on Tuesday (Aug 25), but remained at risk of further declines as investors parsed Washington’s expanded sanctions against Iran and renewed efforts to ease pressure on longer-dated Treasury yields.

[LONDON] The US dollar hovered near multi-month lows on Monday (Aug 24) in a market unsettled by the US Treasury’s promise to buy back more long-dated bonds, while traders awaited details of sanctions on Iran and for policy speeches this week in the US and Japan.

Attention is also on US Treasury Secretary Scott Bessent’s Monday conference on a plan to economically isolate Iran

[LONDON] The dollar slipped on Friday (Aug 21) and was set to end a bumpy week lower, as investors questioned whether the US Treasury’s efforts to calm the bond markets might end up undermining confidence in the currency.

[LONDON] The US dollar was pinned near a three-month low on Thursday (Aug 20) after the Treasury Department moved to calm a bond market sell-off that had pushed long-end yields to their highest since 2007, lifting risk sentiment and undercutting the currency.

The greenback slips against major peers as a sell-off in Treasuries eased

The US should not squander the rest of its influence by demanding foreign-exchange interventions