The dollar was on the defensive on Wednesday, elbowed off a three-week peak by a...
TOKYO - The dollar was on the defensive on Wednesday, elbowed off a three-week peak by a reversal in U.S. yields as they headed south again ahead of a meeting of central bankers, at which the Federal Reserve is expected to give clues on further rate cuts.
Central bankers will gather at Jackson Hole, Wyoming, on Friday with markets focused on a scheduled speech by Fed Chair Jerome Powell. The dollar index .DXY against a basket of six major currencies was flat at 98.210 after shedding 0.2% overnight.
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