US Dollar Wobbles After China Cut Rates and Ahead of Jackson Hole. Will USD Make New Highs?

The US Dollar made fresh high before it gave up some ground today after rate were reduced in China. The upcoming Jackson Hole symposium may provide cluses for USD direction.

from DailyFX – Market News https://bit.ly/3pBMSDo
via IFTTT

Australian Dollar Eyes PBOC Rate Cuts Amid Protracted China Power Woes

The Australian Dollar is facing increased headwinds as China’s power crunch worsens. A PBOC rate cut expected today may not offer much relief to AUD/USD.

from DailyFX – Market News https://bit.ly/3R2NAp9
via IFTTT

Weekly Fundamental US Dollar Forecast: Fed in Focus at Jackson Hole

Fed speakers are expected to deploy an aggressive hawkish tone this week.

from DailyFX – Market News https://bit.ly/3KalwO9
via IFTTT

Markets Week Ahead: Dow Jones, US Dollar, Gold, Bitcoin, Oil, Inflation, China, Jackson Hole, Fed

Market sentiment soured last week as Federal Reserve officials stood firm on further rate tightening. The US Dollar surged higher, pressuring US stocks, cryptos and gold. Traders await Jackson Hole.

from DailyFX – Market News https://bit.ly/3R2Q4E2
via IFTTT