Alexa

Dollar little changed ahead of Bernanke speech

Dollar little changed ahead of Bernanke speech

The dollar is moving in tight ranges against other major currencies in light trading. Traders are looking ahead to a speech later this week by Federal Reserve Chairman Ben Bernanke.
On Friday, Bernanke is giving his annual speech on monetary policy from Jackson Hole, Wyoming. Traders will be watching for hints that the central bank will take additional steps to help the U.S. economy.
Currency trading is light Monday because of a bank holiday in the United Kingdom. Also, many traders in the U.S. are off this week ahead of the Labor Day holiday.
The euro slipped to $1.2514 in afternoon trading from $1.2519 late Friday. The British pound fell to $1.5796 from $1.5810.
The dollar fell to 78.68 Japanese yen from 78.70.


Updated : 2020-11-30 20:25 GMT+08:00