Currencies

Investing.com-- Most Asian currencies weakened slightly on Friday, while the dollar steadied after recent gains as traders awaited more cues on U.S. interest rates from Federal Reserve Chair Jerome Powell.  The Japanese yen retreated after data showed consumer inflation cooled in July. But underlying inflation remained sticky, limiting declines in the yen and keeping speculation over the Bank of Japan’s rate hikes in play.  The yen, along with broader Asian currencies, was headed for weekly losses amid cooling bets that the Fed will cut interest rates in September. This notion benefited...

Turkey's stocks hit record high, lira remains stable Kenya seeks to convert railway loan to yuan Taiwan dollar underperforms due to equity outflows Aug 21 (Reuters) - Emerging market assets were mixed on Thursday as investors awaited policy signals from Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, with questions over the Fed’s independence also in focus. MSCI's gauge for equities in emerging markets edged up 0.1%, while its currencies counterpart dipped 0.1%. The Fed annual research conference in Wyoming runs from Thursday to Saturday, with investors closely...