NEW YORK, Aug. 25 (Xinhua) — The U.S. dollar weakened late in trading on Thursday as traders weighed the way forward for the Federal Reserve.

The dollar index, which measures the greenback against six major peers, fell 0.19% to 108.4670.

At the close of trading in New York, the euro was up at US$0.9973 from $0.9965 in the previous session, and the pound rose to US$1.1828 from $1.1788 in the previous session. from the previous session. The Australian dollar fell from 0.6906 US dollars to 0.6978 US dollars.

The US dollar bought 136.46 Japanese yen, lower than 137.09 Japanese yen the previous session. The US dollar fell to 0.9635 Swiss francs from 0.9670 Swiss francs, and it fell to 1.2937 Canadian dollars from 1.2976 Canadian dollars.

Fed Chairman Jerome Powell is expected to speak at the central bank symposium in Jackson Hole on Friday. Traders will pay close attention to look for clues on the future path of Fed interest rates.

“We believe the outlook is still too uncertain for the Fed to pivot policy, as recent encouraging data trends may not hold over the medium term,” said Mark Haefele, chief investment officer at UBS Global Wealth Management, in an analysis. Thursday.

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