Dollar chained ahead of Yellen speech

Posted by Futures - Stock Commodity Options & Forex Strategy

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Dollar bulls and bears were both restrained this week with prices stuck in a tight range as investor anxiety mounts ahead of Friday’s heavily anticipated Jackson Hole gathering. This event has seized center stage with markets most likely searching for key hints on U.S. rate hike timings which could dispel the period of uncertainty. There may be a possibility of Fed Chair Janet Yellen addressing the inflation dilemma in the States while also keeping the doors open for a live meeting in September to raise U.S. rates.

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