Narrow ranges ahead of Warsh speech and key data releases
US dollar edges higher in tight ranges ahead of Fed Chair Warsh's Jackson Hole speech and key data releases.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
US dollar edges higher in tight ranges ahead of Fed Chair Warsh's Jackson Hole speech and key data releases.
USD/JPY extends gains as traders await Fed Chair Warsh's Jackson Hole speech for policy clues.
The PBOC set the USD/CNY reference rate at 6.7811, higher than the estimated 6.7208. It also injected 353bn yuan via reverse repos.
BofA's model sees month-end rebalancing flows as mildly supportive for the dollar, with minor outflows expected in EUR/USD and GBP/USD.
Yen slide towards 160 keeps markets alert for G20 signals on possible joint intervention by Japan and US.
Credit Agricole's month-end rebalancing model suggests light dollar selling, contrasting with BofA's view of mild dollar support.
Key FX option expiries on August 28 include EUR/USD at 1.1650 and USD/CHF at 0.8000, with focus on Fed Chair Warsh's speech.