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FX: Hoping for hints at more easing
Given the very light data calendar, the coming days should be characterised by the build-up of expectations towards the annual symposium in Jackson Hole starting this Thursday. Although the general discussion (among FOMC members) should be fairly academic and focused on long term tools, the market will be focused on any hints at further easing/any new dovish comments from the various FOMC members (such as James Bullard’s comments on negative rates last week) in light of the trade war uncertainty and softening global data and trade. Hopes for more insurance easing from the Fed should provide some support to risk ... (full story)