NZD/USD (NZDUSD=X)
- Investing.com
Dollar edges lower ahead of Jackson Hole; euro, sterling higher
The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated speech at the Jackson Hole symposium. This weakness followed concerns about a weakening economy and on expectations the Federal Reserve is close to cutting interest rates. The focus is now squarely on an address by Powell at the Jackson Hole Symposium later on Friday, where he is expected to provide more cues on interest rates and the economy.
- Investing.com
Dollar on back foot ahead of CPI; sterling slips
The U.S. dollar steadied Wednesday, after overnight weakness, ahead of the release of the July consumer price index, while sterling weakened after benign inflation data. The U.S. currency retreated Tuesday after the July producer price index came in softer than expected for July, resulting in traders shifting bets slightly towards a 50 basis point cut in September. The PPI reading ramped up hopes that a consumer price index inflation reading, which is due later on Wednesday, is also expected to show inflation remained benign in July, providing the Federal Reserve with more headroom to begin trimming rates.
- Investing.com
RBNZ cuts interest rates by 25 bps citing inflation progress, weak growth
Investing.com-- The Reserve Bank of New Zealand unexpectedly cut interest rates on Wednesday, citing recent progress towards meeting its annual inflation target and as local economic growth remained weak.
