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Aug 26 - 12:55 PM

USD: Jackson Hole: Not Expecting Any Major Changes To Policy Changes - Danske

By eFXdata  —  Aug 26 - 10:45 AM

Danske Research discusses its expectations for tomorrow's Fed Powell's Speech.

"With little actual news, EUR/USD remains largely unchanged and follows mostly risk sentiment. Nonetheless, we note the German IFO index posted a decline in line with many other activity indicators. This confirms a peak in the pace of expansion for the manufacturing cycle, at least for now. We continue to expect further evidence of such peak amid a more hawkish Fed will contribute to a stronger dollar over the coming year," Danske notes. 

"Short-term, markets will focus on Powell speaking at Jackson Hole tomorrow, although we do not expect him to make any major changes to policy signals. Also EUR/GBP was more or less unchanged still trading below 0.8," Danske adds. 

Source:
Danske Research/Market Commentary

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