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Every summer, the mountains of Wyoming become the center of the economic world. The Jackson Hole Symposium, organized by the Federal Reserve Bank of Kansas City, is more than just an academic gathering: it’s the stage on which the major orientations of global monetary policy are sometimes shaped.This year, the spotlight is even more intense. On Friday, Federal Reserve (Fed) Chair Jerome Powell is scheduled to deliver what will probably be his last speech in Jackson Hole as President of the US central bank.A key event for the marketsFor several decades now, Jackson Hole has been the event where central…
The EUR/USD outlook remains subdued under 1.1600 on Friday. Fading bets on Fed’s aggressive easing continue to support dollar. Market participants await Powell’s speech at the Jackson Hole Symposium. The EUR/USD outlook remains subdued as the price is headed downwards today during the European session, trading under the key level of 1.1600. The pair is on course to post a weekly loss of about 1% as traders adopt a wait-and-see approach before remarks by Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Symposium. –Are you interested to learn more about forex options trading? Check our detailed guide- Powell…
The dollar index, which gauges the greenback’s strength against a basket of six currencies, gained 0.11 per cent to 98.72. The rupee fell 27 paise to close at 87.52 (provisional) against the greenback on Friday as domestic equity markets ended weaker and the US dollar strengthened ahead of the speech of Fed Chairman Jerome Powell.However, inflow of foreign funds and a drop in Brent crude prices supported the domestic unit at lower level.At the interbank foreign exchange, the local unit opened at 87.37 against the greenback and traded in the range of 87.32-87.55 before settling at 87.52 (provisional), down 27…
The Indian rupee weakened further on Friday against a stronger dollar ahead of a speech by Federal Reserve Chair Jerome Powell, capping a volatile week for the Asian currency that has been pressured by U.S. tariff-related uncertainties. The currency closed 0.3% lower on Friday at 87.5300, against its close of 87.27 in the previous session. It was down 0.02% for the week. The local unit, which opened at 87.4575 on Monday, saw sharp swings through the week due to domestic and geopolitical developments.Talks between the U.S. President Donald Trump and the Russian and Ukrainian presidents, coupled with the Indian government’s…
AUD/USD remains under pressure around 0.6400 as the US Dollar trades firmly ahead of Fed Powell’s speech.Fed dovish speculation has slightly cooled ahead of Fed Powell’s speech at the Jackson Hole Symposium.Preliminary Australian PMI data grew at a faster pace in August.The AUD/USD pair trades cautiously near a fresh two-month low around 0.6400 during the European trading session on Friday. The Aussie pair is expected to remain on tenterhooks as investors await Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole (JH) Symposium at 14:00 GMT.Investors will pay close attention to Fed Chair Powell’s speech to get fresh…
The rupee declined 11 paise to 87.36 against the US dollar in early trade on Monday amid a rise in dollar demand. However, positive FII inflows and a decline in crude oil prices prevented sharper losses in the local unit as traders awaited US Fed Chief Jerome Powell’s speech at the Jackson Hole Symposium later in the day, forex traders said. The domestic unit opened at 87.37 against the US dollar and inched up to 87.36, down 11 paise from its previous close. The rupee pared initial gains on Thursday to settle lower by 18 paise at 87.25 against the…
The Dow Jones saw its lowest figures in over a week on Thursday.Equities are extending a near-term backslide as investors reconsider sky-high valuations.Forecast-beating PMI prints helped to limit losses, but markets remain concerned about rate cut forecasts.The Dow Jones Industrial Average (DJIA) softened on Thursday, testing 44,600 at its lowest point before staging a half-hearted recovery to 44,750. Equity traders are starting down the barrel of a hard adjustment to Federal Reserve (Fed) interest rate cut expectations in September, with tariff-led inflation effects quickly replacing lagging employment figures as the top point of concern for policymakers.The Dow Jones is still…
The Canadian Dollar pared back further against the US Dollar on Thursday.The Loonie is facing fresh 13-week lows against the Greenback.A lack of Canadian data is keeping the US Dollar in the driver’s seat.The Canadian Dollar (CAD) took another step down against the US Dollar (USD) on Thursday, dipping into fresh 13-week lows and pushing the USD/CAD pair back into the 1.3900 handle. The Canadian Dollar is steadily declining in a one-sided technical slide as Loonie traders await reasons to shift their stance.Central banking is taking a front seat for the remainder of the week, specifically the Federal Reserve (Fed)…
Banco de Mexico (Banxico) revealed the minutes of the August 7 monetary policy meeting, in which the central bank decided to reduce rates by 25 basis points (bps) to 7.75% on a vote split, with Deputy Governor Jonathan Heath in favor of keeping rates unchanged.Central bank reduced rates to 7.75% in August; future easing will hinge on inflation dynamics despite upside riskThe minutes mentioned that inflation fell to 3.51% in July and subdued economic growth despite the modest rebound in the second quarter of 2025, as the main reasons behind the Mexican institution’s decision.Alongside this, the central bank cited that…
Gold retreats after failing to sustain gains above $3,350.A steady US Dollar and firmer Treasury yields cap bullion’s upside.Traders await US economic releases, including weekly Initial Jobless Claims, Existing Home Sales, and preliminary August PMIs for fresh monetary policy cues.Gold (XAU/USD) edges lower on Thursday, retreating modestly after Wednesday’s sharp rebound from three-week lows, as the metal failed to clear technical resistance near $3,350. A steady US Dollar (USD) and firm Treasury yields are weighing on the precious metal, as traders digest the Federal Reserve’s (Fed) July meeting Minutes and position ahead of Fed Chair Jerome Powell’s remarks at the…