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Anzo Lim

Dollar declines as markets uncertain about Powell's speech in Jackson Hole

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The dollar slipped on Thursday, but moved within narrow ranges, as investors awaited a possible announcement or statement from the Federal Reserve at this week's Jackson Hole, Wyoming event to address the worsening global economic outlook.

 

Fed policymakers were divided over whether to reduce rates but united in wanting to signal they were set on more cuts, minutes of the meeting showed. 

 

Resource from Reuters

#dollar #FED #WikiFX 

 

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