Dollar drifts higher ahead of Jackson Hole; euro helped by PMIs

Dollar drifts higher ahead of Jackson Hole; euro helped by PMIs

Source: EODHD - https://www.investing.com/news/forex-news/dollar-drifts-higher-ahead-of-jackson-hole-euro-helped-by-pmis-4203699
Published: Aug 21, 2025 4:42 AM

Investing.com - The U.S. dollar drifted marginally higher Thursday, just off a one-week high as traders braced for the start of the Federal Reserve’s annual Jackson Hole symposium. At 04:40 ET (08:40 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 98.114, after climbing to its highest level since August 12 in the prior session. Fed minutes loom large The U.S. currency received some support overnight after the minutes of the last Federal Reserve meeting, released on Wednesday, indicated that the majority of policymakers still remained concerned about the labor market and inflation, as the two members who dissented against the...

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