India, Aug. 22 -- The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
Stronger U.S. economic data and hawkish comments on inflation from Fed officials have led money markets to price a 70 percent chance of a September rate cut, down from 90 percent a week ago.
Powell is scheduled to speak at 10 a.m. New York time following remarks from several Fed officials.
Fed Bank of Cleveland chief Beth Hammack said Thursday during an interview that she wouldn't be willing to cut rates in September, based on the data available today.
Other Fed officials also struck similarly hawkish tone. Atlanta Fed President Raphael Bostic ...