Dollar, yields slip as U.S. data suggests less hawkish Fed

NEW YORK/LONDON- The dollar weakened and Treasury yields eased on Tuesday as data showing a plunge in the sale of new U.S. single-family homes in July opened the door to a less hawkish outlook from the Federal Reserve at its Jackson Hole symposium on Friday. Gold snapped a six-session losing streak while Wall Street was little changed on hopes the Fed will turn dovish after data also showed U.S. private-sector business activity contracted for a second straight month in August to its weakest in 18 months. "The data indicates a major contraction, showing the economy has weakened quickly, opening the door to the idea that the Fed might not be that aggressive," said Edward Moya, senior...

Keep on reading: Dollar, yields slip as U.S. data suggests less hawkish Fed

from INQUIRER.net https://ift.tt/mCMq2by