In currencies, the dollar index, which measures the U.S. currency against a basket of currencies, stood at 93.468 at 12:10 p.m. HK/SIN. Against the yen, the greenback edged up to fetch 109.23 yen compared to levels around 109.17 seen last Friday, but it remained below the 110 handle seen at the beginning of last week.
“White House politics will remain in play, but given some of the outsized currency moves of late, it’s not too surprising dealers are paring short dollar risk as the shift to the Jackson Hole summit will put the focus back on central bank watch,” OANDA head of APAC trading Stephen Innes said in a Monday note.
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