Dollar Steady Amid Global Monetary Fluctuations
The U.S. dollar remained stable as traders awaited a speech by Federal Reserve Chair Jerome Powell for clues on future monetary policy. The New Zealand dollar fell after a rate cut, while market expectations for U.S. Fed rate reductions grow amidst complex inflation dynamics.
The U.S. dollar held steady on Wednesday as market participants anticipated insights from Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium. This comes amid complex influences on monetary policies worldwide.
The New Zealand dollar dropped significantly after the nation's central bank lowered its interest rate, reflecting broader uncertainties in global economic strategies. Traders are eyeing Powell's impending address to navigate through the current inflationary pressures.
With expectations of rate cuts before year-end, the market braces for the Fed's decision amidst a mix of factors, including labor market data and tariff impacts. Meanwhile, cryptocurrencies saw fluctuating values, impacted by shifting currency stabilities.
(With inputs from agencies.)
ALSO READ
No Major Inflation Impact from US Tariffs, Says RBI Chief
(Eds: Adding a word) Continue to be agile and proactive in maintaining and providing facilitative monetary policy: RBI Governor.
RBI projects inflation at 3.1 pc during FY26, lower from June estimates of 3.7 pc.
RBI revises retail inflation downward to 3.1% for FY26 from 3.7% projections of June
Home Cooking Boosts Sales for Ahold Delhaize Amid Inflation Challenges
Google News