The dollar fell from a high position

23 Aug, 2021

Commodity currencies seemed still not optimistic

Kansas fed: Jackson Hole annual meeting changed to online. In view of the recent increase in the epidemic risk level in Teton County, Wyoming, the 2021 Jackson Hole seminar held by the Kansas Federal Reserve will be held in the form of online virtual conference on August 27.

The US dollar index once hit about 93.73, the highest since early November last year, but fell 0.1% to close at 93.46 in the late trading; It rose nearly 1% last week, the largest weekly increase in two months.

Spot gold changed lightly and closed at US $1781.11/oz, the increase was restrained by the strength of the US dollar, and the growing concern about the global economic slowdown caused by the surge in the number of new infections brought support to safe haven gold. COMEX December gold futures closed up 0.05% to US $1784.00/oz.

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