Home Markets Dollar lost for direction awaiting Fed to set its path

Dollar lost for direction awaiting Fed to set its path

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A U.S. one dollar banknote is seen in front of displayed stock graph in this illustration taken May 7, 2021. REUTERS/Dado Ruvic/Illustration

  • reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=EUR= poll data
  • Reuters poll graphic on major currency market outlook: https://tmsnrt.rs/38y7unJ
  • Reuters poll graphic on the outlook for EUR/USD, USD/JPY, GBP/USD and USD/CHF: https://tmsnrt.rs/3kLO0BM

BENGALURU, Sept 3 (Reuters) – The dollar’s direction is in limbo as financial markets await a clearer path from the U.S. Federal Reserve, according to a Reuters poll of FX strategists who were split on where they expected the currency to trade over the next three months.

On the back foot even before Fed Chair Jerome Powell’s comments last Friday at Jackson Hole, the greenback has lost almost 1.4% since it hit a nine-month high about two weeks ago. But it is still up around 3% for the year. read more

While analysts in the Aug. 30-Sept. 2 poll of nearly 60…

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