The U.S. dollar steadied below a 2-1/2-week high that was hit in the previous session, as investors braced for inflation data that might offer clues on the timing of policy tightening by the Federal Reserve at a meeting next week.…
Continue ReadingForex market headlines from the European trade session - August 23, 2021 As the new week begins, the focus is on Jackson Hole, as market investors see the summit's virtuality as a hint that the Fed would not release any…
Continue ReadingChina PMIs fall Sentiment was boosted during the session when the US Infrastructure bill was submitted to the Senate floor on Sunday evening, US time. The draft was the outcome of lengthy bipartisan negotiations and will now be amended.…
Continue ReadingThe dollar remains stable, while risk remains on the lower side. Despite more protective risk tones early on, the market remained reasonably calm throughout the session, as tech stocks were affected by additional negative sentiment from…
Continue ReadingToday's major FX rates remained quiet, trading in extremely tiny ranges, with little net change from late US levels. Watching the Olympics appears to be on many people's schedules, especially as they anticipate the Federal Open Market Committee announcement and…
Continue Reading
