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Dollar Steady as Investors Await Clues on Monetary PolicySingapore, 18 Aug (ONA) – The US dollar steadied today ahead of a key US-Russian meeting, while investors also looked ahead to the Federal Reserve’s symposium for more policy clues.
Currency moves were largely subdued in the Asia session, though the dollar halted its fall from last week as traders further pared bets on a big Fed cut next month.
The euro was little changed at US$1.1704, while sterling edged up 0.1% to US$1.3563.
Against a basket of currencies, the dollar stabilised at 97.85, after losing 0.4% last week.
In other currencies, the dollar rose 0.14% against the Japanese currency to 147.37 yen, after falling roughly 0.4% last week.
The Australian dollar was up 0.17% at US$0.6519, while the New Zealand dollar rose 0.25% to US$0.5940, after falling 0.5% last week. —Ends/AG
