Dollar recoups some losses as focus shifts to Fed remarks at Jackson Hole

The U.S. dollar showed signs of recovering some of last week's losses on Thursday as investors awaited signals on the Federal Reserve's policy path at the Jackson Hole symposium, following data that showed inflation remained stickier than economists had anticipated.

Data in the previous session showed inflation rose more than expected in July, aiding expectations that interest rates could stay restrictive through the end of this year. Another report reiterated that the economy grew 1.5% in the second quarter.

The euro EUR= was flat against the dollar at $1.1652, while the British pound GBP= dipped 0.08% to $1.3587. The yen JPY= was largely steady at 159.35 per dollar as traders also digested a speech by the Bank of Japan's deputy governor.

The U.S. currency was near a one-week high versus its three counterparts. The dollar index =USD, which measures the greenback's move against a basket of six currencies, was at 99.158, up about 0.3% this week, following last week's 0.8% drop.