The euro slipped at the open of European trading on Friday to a two-week low against the US dollar, extending losses for a second consecutive session and heading for a weekly decline. The move came as investors focused on buying the greenback as the best available investment, particularly after expectations of a Federal Reserve rate cut in September receded. Expectations...

The US dollar hovered near a two-week high against the euro and the British pound on Friday, as investors scaled back bets on an interest rate cut ahead of Federal Reserve Chair Jerome Powells speech at the Jackson Hole symposium. The euro and the British pound recorded their weakest levels since early August, retreating by 0.1% to $1.1597 and $1.3408...

Federal Reserve Chair Jerome Powell hinted during his speech at the Jackson Hole symposium on Friday that an interest rate cut may be possible in the coming period, but stressed that elevated uncertainty makes the task of monetary policymakers more complicated. Powell confirmed that the labor market remains strong and the economy has shown resilience, but noted that risks have...

The Japanese yen declined in Asian trading on Friday against a basket of major and minor currencies, deepening its losses for the second consecutive session versus the US dollar, hitting a three-week low. The drop came as expectations of a US Federal Reserve rate cut in September receded. The Japanese currency is on track to post its biggest weekly loss...