The dollar got off on the front foot on Wednesday following two days of gains as traders awaited the Federal Reserve’s Jackson Hole annual symposium later this week for clues on the path for monetary policy. A speech on Friday by Fed Chair Jerome Powell is the main focus, with the market watching for any…
The Indian rupee weakened on Wednesday, a day after recording its best session of the year, as crude oil prices stayed elevated despite a ceasefire between Iran and Israel. The domestic currency closed 12 paise lower at 86.09 against the US dollar, after ending at 85.97 on Tuesday. The previous session saw the steepest one-day…
Asian shares were off to a tepid start at the open Tuesday after a rebound in big tech drove US stocks higher. A regional stock index swung between small gains and losses while equity-index futures for the US dipped 0.2%. Bonds were steady in early Asian trading and the dollar was little changed after hitting…