PRESS ROOM
Dollar and gold await Federal Reserve policy announcement
Thursday 26th August '21
Over the last few days, the US dollar has lost some of its positive momentum from earlier in August as investors look towards the Jackson Hole Summit. Annual inflation in the US for July came out at 5.4%, the same elevated reading as June. Unemployment has also fallen to 5.4%, down from 5.9% in June. These data points are likely to influence the decision making of the US Federal Reserve when it meets next in September. Gold, and the dollar are likely to be influenced directly by the policy course adopted by the central bank.