The USD/JPY pair continues to see a lot of back and forth action in the early hours of Friday. This is a pair that will continue to see a lot of noise as we are waiting to see what Jerome Powell has to say at Jackson Hole.
The Aussie dollar has risen a bit in the early hours of the Friday session, as the markets continue to pay close attention to the Jackson Hole Symposium, and the statement that is coming from Jerome Powell. Furthermore, we will have to look at the weekend as a time that
- The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated...
The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated speech at the Jackson Hole symposium. This weakness followed concerns about a weakening economy and on expectations the Federal Reserve is close to cutting interest rates. The focus is now squarely on an address by Powell at the Jackson Hole Symposium later on Friday, where he is expected to provide more cues on interest rates and the economy.
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