2023-08-23 04:05:03
The US dollar approached its highest level in two months today, Wednesday, as investors await the speech of the Chairman of the Federal Reserve (US Central Bank) this week to search for indications on the path of monetary policy, while the yen fluctuated near 146 per dollar.
The dollar index, which measures the performance of the US currency once morest six competing currencies, scored 103.55, not far from the two-month high of 103.71 that it touched on Tuesday. The index rose 1.6 percent in August and is on its way to ending losses for two consecutive months.
Dealers are awaiting the speech of US Central Bank Chairman Jerome Powell at the event scheduled for August 24-26, and investors will analyze his words to anticipate the course of the Federal Reserve’s monetary policy.
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