Currency markets steady as traders await Fed Chair Warsh’s Jackson Hole speech
Global currency and equity markets are relatively quiet while investors focus on upcoming central bank decisions including a speech from US Fed Chair Warsh.
US equities rose on strong earnings outlook, particularly from Nvidia, while currency and bond markets remained subdued. Most major currencies strengthened against the US dollar. Markets are now waiting for Fed Chair Warsh's Jackson Hole speech, which comes as the US faces elevated inflation and a weakening economy. Key decisions on the New Zealand OCR and Australian GDP are also expected in the week ahead.
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interest.co.nz
Most currencies firmer against the greenback
US equities rose, led by Nvidia’s strong outlook. Rates and FX markets were subdued, with US Treasuries broadly stable. Markets now turn to Fed Chair Warsh’s Jackson Hole speech
interest.co.nz
Breakfast briefing: What will Warsh say? or do?
Eyes on Warsh; US trade deficit rises; US inventories rise; Canada books a surplus; China profits rise again; Australian household spending jumps fueling rate hike bets; UST 10yr at 4.67%; gold unchanged and oil up; NZ$1 = 59.5 USc; TWI-5…
interest.co.nz
Breakfast briefing: Key decisions await in a big week ahead
Eyes on the NZ OCR and the Aussie GDP; Malaysia and India post strong data; Warsh trapped by high US inflation, weakening economy; UST 10yr at 4.72%; gold and oil on hold; NZ$1 = 59.1 USc; TWI-5 = 62.6