Dollar steady before Jackson Hole, yen little changed after BOJ's Himino speech
World2 sources2 countries🔦 Under-reported33m ago
Currency markets traded within a narrow range on Thursday as investors awaited the Jackson Hole symposium. The US dollar maintained its position ahead of the key economic event, while the euro edged up 0.07% to US$1.1657 and the British pound traded at US$1.3592.
Simultaneously, the Japanese yen held steady following a speech by Bank of Japan (BOJ) policymaker Himino. During the address, Himino did not rule out the possibility of an interest rate hike in the coming month.
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Free Malaysia Today (MY)Broad overview highlighting specific currency movements and BOJ rate hike context.