On Thursday, August 25, 2022, the dollar moved slightly away from the two-decade high against a basket of major currencies. Federal Reserve Chairman Jerome Powell's speech will enlighten investors the next day about new indicators on the direction of monetary policy.

The dollar index, which measures the greenback against six counterparties, remains close to its mid-July high since September 2002 at 109.29. However, it fell by 0.15% to 108.47. So, the dollar is not too far from this week's one-month high, at 137,705, but has fallen by 0.25% to 136,775 yen.

For its part, after slipping Tuesday to its lowest level in 20 years, at $0.99005, the euro rose slightly by 0.14% to $0.99825. Also, after hitting its lowest level since March 2020 at $1.1718 on Tuesday, the pound rose 0.17% to $1.18105. Similarly, following a low of over a month at $0.6856 earlier in the week, the Australian dollar rose 0.19% to $0.6920.

The New Zealand kiwi was at a one-month low of $0.6157 on Monday. But it still lagged behind its counterpart in the Antipodes with a rise of 0.06% to $0.6194, hampered by data showing a decline in retail sales.