Dollar Steadies Amid Pre-Jackson Hole Caution

European markets remained cautious on Wednesday as traders awaited Federal Reserve Chair Warsh's keynote speech at Jackson Hole, which is set to be a major event for the week. The US dollar held steady across the board, with the EUR/USD down 0.1% to 1.1638 and the USD/JPY up 0.1% to 159.48.

Nvidia's earnings beat yesterday boosted US futures, which were up 0.4%, while European equities mostly held lower. The chip giant saw its shares rise by nearly 6% in pre-market trading.

Gold prices remained steady, with the precious metal up 0.1% to $4,595 despite earlier reaching highs of $4,642. Markets are looking for direction ahead of Jackson Hole, where Fed Chair Warsh is expected to provide insight into the central bank's inflation outlook.