NEW YORK, Aug. 21 (Xinhua) -- The U.S. dollar declined against other major currencies on Monday ahead of the annual Jackson Hole policy symposium.
With no major economic data coming out on Monday, investors are waiting for clues the Federal Reserve Chair Janet Yellen may offer in her speech at an annual central banking conference later this week.
She is expected to speak on the topic of financial stability on Friday at the Federal Reserve Bank of Kansas City's annual symposium in Jackson Hole, Wyoming.
Yellen will be joined by European Central Bank President Mario Draghi to talk about common challenges the two central banks now face.
The meeting came as the U.S. central bank prepares to start reducing its 4.5 trillion U.S. dollars balance sheet and the European Central Bank weighs when to slow down its large-scale asset purchases.
The dollar index, which measures the greenback against six major peers, was down 0.40 percent at 93.057 in late trading.
In late New York trading, the euro rose to 1.1816 U.S. dollars from 1.1758 U.S. dollars, and the British pound climbed to 1.2899 U.S. dollars from 1.2874 U.S. dollars. The Australian dollar increased to 0.7938 U.S. dollar from 0.7937 U.S. dollar.
The U.S. dollar bought 108.75 Japanese yen, lower than 109.30 yen of the previous session. The U.S. dollar fell to 0.9617 Swiss franc from 0.9654 Swiss franc, and it edged down to 1.2568 Canadian dollars from 1.2569 Canadian dollars. Enditem
