Dollar stays stable before Jackson Hole

The financial market shows stability in US dollar trading ahead of the Jackson Hole symposium, with the dollar index remaining steady at 99.12 points. This comes amid over an 86% probability of the Bank of Japan raising interest rates in September, as markets await the Federal Reserve Chairman's speech. Major currencies experienced slight fluctuations, supported by data indicating that US inflation remains steady at 3.7%, which increases the likelihood of an American interest rate hike before the end of the year. Meanwhile, the Bank of Korea has raised its interest rate for the second consecutive time to 3.00%, amid discussions about differing international expectations regarding monetary policies.

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