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FOREX-Dollar eases versus euro as investors ponder Fed, ECB rate paths

    The dollar slid from a 12-week peak on Monday as traders weighed U.S. and European central bankers' monetary options after last week's Jackson Hole meeting, while Beijing's decision to halve stamp duty on stock trading helped to lift the euro. Fed Chair Jerome Powell told the annual Jackson Hole Economic Policy Symposium the central bank may need to lift interest rates further to finish the job of lowering inflation on a sustained basis. Markets anticipate an 80% chance of the Fed standing pat next month, the CME FedWatch, tool showed, but the probability of a 25 basis point hike in November is at 51% versus 33% a week earlier.

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