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16 Aug 2013
Flash: USD eyes Jackson Hole meeting – UBS
FXstreet.com (New York) - Geoffrey Yu, an FX Strategist at UBS looks ahead to next week where the USD is poised to be under focus.
Key quotes
Wednesday is the big data day for the US, highlighted by the release of the Minutes from the July 31 FOMC. This will be followed by the Bernanke-less Jackson Hole conference Thursday through Saturday.
“The Minutes may not say much, but markets will be looking for ‘trial balloon’ articles and comments on the sidelines of Jackson Hole for the latest taper odds. Climbing US 10Y yields haven’t helped the USD much over the past week but there could be a catch-up move if the Minutes or other forms of communication confirm a high likelihood of a September start to taper.”
Key quotes
Wednesday is the big data day for the US, highlighted by the release of the Minutes from the July 31 FOMC. This will be followed by the Bernanke-less Jackson Hole conference Thursday through Saturday.
“The Minutes may not say much, but markets will be looking for ‘trial balloon’ articles and comments on the sidelines of Jackson Hole for the latest taper odds. Climbing US 10Y yields haven’t helped the USD much over the past week but there could be a catch-up move if the Minutes or other forms of communication confirm a high likelihood of a September start to taper.”