22/08/2024 Evening Reports

US Dollar Mixed as Markets Await Economic Data and Jackson Hole Symposium

The US dollar showed mixed performance against major currencies early Thursday, rising against the euro and yen while falling against the pound and Canadian dollar. This comes ahead of a busy day of economic data releases and the start of the Federal Reserve’s Jackson Hole Symposium.

Key data releases include weekly jobless claims, the Chicago Fed’s national activity index, flash PMIs for August, and existing home sales data for July. The Jackson Hole conference kicks off with anticipated comments from Fed officials, leading up to Fed Chair Jerome Powell’s keynote on Friday.

Wednesday’s data and Fed minutes have bolstered expectations for a potential rate cut at the upcoming September meeting.

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