Euro to usd exchange rate history: Jackson Hole Preview

“We suspect that while Powell may be unwilling to deliver a hawkish surprise, he will only marginally tweak the rhetoric seen in the July minutes,” wrote ING FX strategist, Franceco Pesole “He may flag rising trade-related concerns but without diverting from the “mid-cycle adjustment” storyline, which is still underpinned by the buoyant economic backdrop. All this is unlikely to satisfy markets’ dovish hopes and would probably trigger an uptick in rates, pushing up the dollar across the board.”

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