XE Market Analysis: Europe – Aug 23, 2019

The New Zealand Dollar outperformed and China’s Yuan weakened, while the U.S. buck traded modestly firmer against most currencies as market participants anticipate Fed Chair Powell’s address at the Jackson Hole Symposium later today. Regarding Powell, market participants are evidently not overly hopeful he will signal a clear and strong commitment to sustained rate cuts following hawkish-leaving remarks by Fed members George and Harker yesterday, and the not-so-dovish FOMC minutes from the day before.

Source: XE news feed
XE Market Analysis: Europe – Aug 23, 2019