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The U.S. Dollar remains steady ahead of tomorrow’s Jackson Hole symposium, where markets await Federal Reserve Chairman Jerome Powell’s remarks, hoping for signals of potential interest rate cuts, though economists remain skeptical due to persistent inflation concerns. Geopolitical efforts continue toward a Russia-Ukraine ceasefire, while U.S. jobless claims rose, and key economic data, including PMI and home sales, are due later today. The Euro is flat but supported by stronger-than-expected Euro-zone PMI data, signaling economic resilience. Meanwhile, the Mexican Peso is slightly up against the Dollar despite weaker retail sales data and Banxico’s recent rate cut, maintaining its strong performance this year.
