Dollar higher as traders look to Jackson Hole gathering

Published by
Reuters UK

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Tuesday, nearing a two-month peak touched last week, as traders awaited the Jackson Hole Symposium later in the week. The U.S. dollar index – which measures the currency against six major counterparts – was up 0.3% at 103.58. The index was sitting just shy of the two-month high of 103.68, reached last week as worries over China’s economy and bets U.S. interest rates will stay high lifted the greenback. “Right now the world is watching China with baited breath waiting for further stimulus mea…

Read More