US dollar declines ahead of Powell’s speech

US dollar is the weakest currency on Friday, shedding Thursday’s gains ahead of the Jackson Hole speech from Fed’s Jerome Powell (3pm BST). The greenback declines amid more gains on the US futures (US100 adds 0.3%, US500 0.2%) and after a less-than-impressive reading on durable orders. Emerging market currencies are among the winners: USDZAR declines by 1.1%, USDMXN and USDCLP fall by 0.7% and USDPLN sheds 0.6%.

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US dollar declines ahead of Powell’s speech

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