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S&P 500 Turns Higher as Index Eyes Record Close
  • Business

The Slow-Burn Dollar Slide

  • August 23, 2025
  • Roubens Andy King
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The dollar is holding steady in early Friday trading, with investors focused on a host of aspects from Federal Reserve Chairman Jerome Powell's Jackson Hole address to define the greenback’s next move.

The U.S. dollar index, which tracks the greenback’s value against a basket of six global currency peers, was last marked 0.12% higher on the session at 98.75.

That leaves it up around 2% from its early July lows, but still down nearly 9% for the year.

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