Singapore
2020-08-28 16:56
Market analysisUSD Overview (28 August 2020)
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Market analysis:
USD Overview (28 August 2020)
Yesterday, USD strengthened against most major currencies except for AUD, NZD and CAD.
During day 1 of the Jackson Hole Symposium, Fed Chairman Jerome Powell announced the adoption of Average Inflation Targeting, which will allow inflation to hit above the Fed’s 2% target for a period of time. This announcement led to optimism in the U.S. economy, causing the market to go risk-on and induce a drop in demand of safe-haven assets like the USD.
The U.S. Preliminary GDP q/q (Actual: -31.7%, Forecast: -32.5%, Previous: -32.9%) data released yesterday indicated a slight upwards revision of economic growth during the second quarter.
Today is the second day of the Jackson Hole Symposium. During this time, volatility is expected.
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USD Overview (28 August 2020)
Singapore | 2020-08-28 16:56
USD Overview (28 August 2020)
Yesterday, USD strengthened against most major currencies except for AUD, NZD and CAD.
During day 1 of the Jackson Hole Symposium, Fed Chairman Jerome Powell announced the adoption of Average Inflation Targeting, which will allow inflation to hit above the Fed’s 2% target for a period of time. This announcement led to optimism in the U.S. economy, causing the market to go risk-on and induce a drop in demand of safe-haven assets like the USD.
The U.S. Preliminary GDP q/q (Actual: -31.7%, Forecast: -32.5%, Previous: -32.9%) data released yesterday indicated a slight upwards revision of economic growth during the second quarter.
Today is the second day of the Jackson Hole Symposium. During this time, volatility is expected.
Forex
Others
Others
Others
Others
Others
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