Economy

Inflation is cooling in the U.S. and the evidence sent the greenback tumbling against all of the major currencies.

y month. For investors, asset price movements will be determined by central bank rate decisions, employment reports and elections. 

The European Central Bank has a monetary policy announcement on Thursday and many investors are wondering if euro will fall to the same fate as the Canadian and Australian dollars. Seven weeks later inflation is at a 10 year high.  The Delta variant is wrecking havoc across the globe, leading to tightened restrictions and worries about more cases in the Fall.

Central bank meetings are creating more pain than gain for currencies this week. The RBA, BoC and ECB meetings are some of this week’s most important event risks. Over the past few months, central banks have grown increasingly distanced in their policy directions.

Friday’s jobs report is the most important event risk this week and while economists and investors expect job growth to slow, the significantly weaker than anticipated ADP number raises concerns for non-farm payrolls. 

Focus turns to the U.S. labor market tomorrow with ADP’s employment report on the calendar.  With little direction and catalyst a good ADP report could get still investors excited

Daily FX Market Roundup 08.30.2021 By Kathy Lien, Managing Editor Fake outs are more likely than breakouts in the foreign exchange market this week.  This

Jackson Hole is an important venue for Federal Reserve policies.  At last year’s conference, Powell announced that…