Dollar slips as investors await Yellen's speech

London

THE US dollar eased on Thursday as some investors sold the currency before the annual global central bankers' gathering in Jackson Hole, Wyoming, where Federal Reserve chair Janet Yellen may offer new pointers on US monetary policy.

Recent hawkish statements by Fed officials including vice-chairman Stanley Fischer and New York Fed president William Dudley have prompted some investors to raise bets that US interest rates will rise sooner rather than later, and some believe Ms Yellen could echo their signals.