The dollar was mixed against other major currencies on Thursday, holding near its highest in almost a year versus the euro.
Traders were moving the sidelines ahead of a pair of crucial speeches from the Federal Reserve's annual get-together in Jackson Hole, Wyoming.
In the wake of Fed minutes showing a some members want to raise interest rates relatively quickly, remarks from Fed Chair Janet Yellen will be scrutinized for clues about her outlook for tightening.
Prior to that, a speech from European Central Bank Mario Draghi may shed light on whether the ECB plans to inject additional cash into the struggling euro zone economy.
A slew of economic data from around the global kept traders on their toes earlier this morning.
Eurozone private sector growth slowed more than expected in August as manufacturing posted its weakest expansion in 13 months, flash data from Markit Economics showed.
U.K. retail sales grew less than expected in July as household goods store sales deteriorated.
In the U.S., the Philadelphia Fed reported on Thursday its manufacturing index rose to the best level since March 2011.
The dollar rose to $1.6581 versus the sterling, its highest since March.
Choppy dealing left the dollar at $1.3275 versus the euro, having touched $1.3243, its best since last September.
The dollar maintained its 4-month peak near Y103.80 versus the yen.
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Forex News
December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.