View our economic calendar[1] to see the events that might influence each currency this week.
US Dollar Forecast: US Dollar Rally May Resume on Fed Minutes, Jackson Hole Symposium [2]
The US Dollar[3] fell from an 18-month high on hopes for trade war de-escalation. Augusts’ FOMC[4] meeting minutes and the Jackson Hole Symposium may revive the rally.
Euro Forecast: EUR/USD Vulnerable to Dovish ECB Minutes, Hawkish Fed Symposium[5]
The Fed’s Economic Symposium may curb the recent rebound in EUR/USD[6] should Chairman Jerome Powell & Co. strike a hawkish forward-guidance for monetary policy.
British Pound Forecast: Brexit Concerns Continue to Outweigh Positive Economic Data[7]
The UK’s economy continues to move forward, albeit slowly, with unemployment hitting the lowest level in over four decades. However, the elephant in the room, Brexit, remains difficult to move.
Australian Dollar Forecast: Australian Dollar May Get Some Respite If Only For Lack of News[8]
The Australian Dollar[9] remains mired by the fact that there are few fundamental reasons to prefer it to its US cousin. However, this week may see its fall slow, if not stop.
Japanese Yen Forecast: Risk Aversion Keeps a Bid behind the Yen, Inflation Data on Deck[10]
The Japanese Yen[11] continues to hold on to strength as risk aversion remains across currencies. With a vulnerable Euro[12], and an expensive US Dollar, the Japanese Yen may be exposed to further gains.
Chinese Yuan Forecast: Chinese Yuan, Hong Kong Dollar Eye on Central Banks’ Defense At Key Levels[13]
