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Forex markets in subdued mood ahead of Fed speech

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Published Wed, Aug 26, 2020 · 09:50 PM

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THE US dollar and the euro traded cautiously on Wednesday as investors refrained from taking risky bets a day ahead of a key speech by Federal Reserve chairman Jerome Powell.

Amid growing speculation that Mr Powell could unveil a softer policy stance towards inflation at the annual Jackson Hole retreat on Thursday, investors are bracing for the Fed's possible new steps to prop up the US economy.

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