For forex traders, Thursday’s Jackson Hole speech by Federal Reserve Chairman Jay Powell is the most important event risk this week. Despite a continued rise in US yields, investors sold US dollars ahead of this big event. The greenback experienced its biggest decline against sterling, the New Zealand and Australian dollars. USD/JPY shrugged off better than expected durable goods numbers to trade back down towards 106.00. Economists are calling this speech “profoundly consequential” and probably “historic” according to CNBC. Here’s what we know: 1. Powell will confirm that the US needs ongoing policy accommodation – ... (full story)