US Dollar Recovers Ahead of Jackson Hole

The US dollar recovered some recent losses on Thursday as investors awaited Federal Reserve remarks at the Jackson Hole symposium. Sticky inflation data and resilient economic growth kept interest rate expectations in focus.

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FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

The United States dollar recovered 0.3% this week to 99.158 on Thursday as investors awaited policy signals at the Jackson Hole symposium. The currency rebounded from a 0.8% drop last week following sticky inflation data.

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