U.S. Dollar Falls Ahead Of Jackson Hole Symposium
2021年8月25日 - 04:32PM
RTTF2
The U.S. dollar was lower against its major rivals in the
European session on Wednesday, as traders await the Jackson Hole
Symposium for more clues on the Federal Reserve's policy
outlook.
The conference, which begins on Thursday, will focus on the
topic "macroeconomic policy in an uneven economy."
Fed Chair Jerome Powell will deliver a speech on Friday, which
is expected to offer a timeline for tapering of the asset purchase
program.
Risks from the delta virus variant have fueled doubts about
whether a delay of QE taper is on the cards.
The greenback dropped to 1.1759 against the euro, from a high of
1.1732 seen at 2:55 am ET. If the dollar slides further, 1.20 is
possibly seen as its next support level.
After a rise to 1.3707 at 3 am ET, the greenback edged down to
1.3743 against the pound. The greenback is seen finding support
around the 1.41 level. The greenback pulled back from an early
2-day high of 0.9153 against the franc, with the pair trading at
0.9138. On the downside, 0.90 is possibly seen as its next support
level.
The greenback hit 0.6967 against the kiwi, its lowest level
since August 17. Should the greenback falls further, it may find
support around the 0.71 level.
The greenback retreated to 0.7265 against the aussie and 1.2601
against the loonie, after gaining to 0.7237 and 1.2626,
respectively in early trades. The currency is likely to face
support around 0.75 against the aussie and 1.22 against the
loonie.
In contrast, the greenback was up against the yen, at a 2-day
high of 109.91. The greenback may find resistance around the 112.00
level.
Looking ahead, U.S. durable goods orders and Canada wholesale
sales for July will be featured in the New York session.
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