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JPY: Caught Between Beijing and Jackson Hole?
Friday may have seen the USD slip against a number of currencies but it was noticeable that the greenback held its own against the Japanese yen (USDJPY). One explanation might lie in the fact that while the currency market perceived Fed Chief Jerome Powell’s Jackson Hole speech as not particularly hawkish, the direction of Fed[…]
EURNOK: Could NOK bulls re-emerge?
Data on Thursday from Statistics Norway non-oil Norwegian GDP increased by 0.5 per cent in Q2 2018 from Q1, in line with the consensus forecast of economists polled by Reuters. Additionally a separate Statistics Norway showed of oil industry intentions indicated further growth in investments in Norway’s energy sector in 2019 which will only help[…]
Jackson Hole Looms
The annual Kansas City Fed Economic Policy Symposium opens tonight in Jackson Hole, Wyoming and runs through until Saturday. With so many of the world’s central bank chiefs and other policymakers in attendance there’s always a lot of event risk around this gathering. The Kansas City Fed, as is usual in this case, doesn’t publish[…]