The US Dollar remains pretty much where it started at the beginning of the week, with the Dollar Index, which measures the performance of the greenback against a basket of other major currencies, hovering just above the 98.1 level. It is August, and liquidity is typically low because many investors are away on holiday but this week, the seasonally low activity is compounded by the markets reticence to act before big events.
These will be the publishing of the July FOMC meeting minutes, later today, and of course the Jackson Hole symposium of central bank leaders, on Friday. Investors are waiting to see how aligned the FED is, as well as other main central banks, with the general market sentiment, that the times ahead should bring easing and stimulus.
Photo by Aditya Vyas.
