US Dollar Talking Points:
- It’s a big week for the US Dollar[1] although the economic calendar is back-loaded. After a quiet Monday and Tuesday, the Jackson Hole Economic Symposium kicks off on Wednesday and runs into the end of the week.[2]
- Stocks are rallying ahead of the US open and this theme will likely remain center-stage ahead of and around Jackson Hole.
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US Dollar in Focus Ahead of Jackson Hole
The early portion of this week’s economic data outlay is rather light, but it’s expected to be a big week for the US Dollar given the drivers showing up on Wednesday. The big item for this week is the Jackson Hole Economic Symposium, with a speech from FOMC[9] Chair Jerome Powell scheduled for Thursday at 10AM ET. Given the heavy focus given to FOMC policy of late, this speech, along with accompanying speeches from various Fed members at the three-day event from Wednesday-Friday, will likely receive considerable attention as markets attempt to identify just how dovish the Fed might be.
At this point, the US Dollar has recovered a large-portion of the sell-off that showed on the back of the post-Fed tariff announcement. Resistance last week showed up around the 98.33 level that previously helped to define
