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Analysts and investors will be looking for signs of easing in U.S. Federal Reserve Chair Jerome Powell’s speech at the central bank’s research symposium at Jackson Hole, Wyoming. Photo: Reuters
(Nikkei Asia) — Malaysia and Singapore’s currencies have strengthened to 18-month highs against the dollar over the past couple of months due to their tighter central-banking policies.
The two currencies’ rise stood out as most Asian currencies generally improved performance against the dollar, as the U.S. Federal Reserve contemplates a rate cut. Analysts and investors will be looking for signs of easing in Chair Jerome Powell’s speech at the central bank’s economic policy symposium on Aug. 22-24 at Jackson Hole, Wyoming.
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