Asia FX, dollar subdued ahead of Fed’s Powell speech

Asia FX, dollar subdued ahead of Fed’s Powell speech

Source: EODHD - https://www.investing.com/news/forex-news/asia-fx-dollar-subdued-ahead-of-feds-powell-speech-4203409
Published: Aug 20, 2025 11:51 PM

Investing.com-- Asian currencies and the dollar were subdued on Thursday as investors awaited the Federal Reserve’s Jackson Hole symposium for cues on the U.S. interest rate path. The US Dollar Index, which measures the greenback against a basket of major currencies, edged 0.1% higher in Asia hours. US Dollar Index Futures also ticked up 0.1%. Traders remain cautious ahead of Fed Jackson Hole Across the globe, focus was on the Federal Reserve’s Jackson Hole symposium, where Chair Jerome Powell is expected to deliver an important speech on Friday. Traders will look for signals on whether the central bank is likely to cut rates by 25 basis points in September, following data last week showing...

Market context: This update is relevant to AUD traders, with AUDUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.