Forex
Dollar Holds Steady Ahead of Key Inflation Data and Jackson Hole
The US dollar remained steady in early Asian trading on Wednesday as investors awaited key inflation data and the Jackson Hole symposium.
The greenback was rangebound, stuck within a narrow trading range it has occupied for the past week against most major peers ahead of the release of PCE data for July later on Wednesday.
Oil prices slipped in Asian markets on Wednesday, with Brent crude down 2.1% at $86.68, as Iran said it had restarted talks with neighbor Oman to manage the Strait of Hormuz and diplomatic negotiations between Washington and Tehran remained stalled.