Dollar steady as traders await clues on US rate path

SINGAPORE - The dollar was broadly steady on Monday as investors awaited further clues to help chart the U.S. interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows signs of cooling.

On Monday, the euro was up 0.07% at $1.087525 in early trading, stalking the nearly two-month high of $1.0895 it touched last week. The dollar index, which measures the U.S. currency against six rivals, was little changed at 104.46. "Come August, Chair Powell could take the Jackson Hole conference as a time to explain their thinking around the path ahead, teeing up a September cut. Let's just hope the data cooperates."

The Australian dollar was up 0.14% at $0.6703, while the New Zealand dollar was little changed at $0.61315.Are you looking for stocks that could see a bull run for decades ahead? Here are two top TSX stocks that should continue to soar! The post Bull Market Buys: 2 TSX Stocks to Own for the Long Run appeared first on The Motley Fool Canada.

Source: Loan Digest (loandigest.net)

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