What you need to know on Monday, August 30:
The US dollar fell sharply on Friday, following the words of Jerome Powell, president of the United States Federal Reserve. Speaking at the Jackson Hole symposium, Powell said in July that policymakers believed it might be appropriate to start reducing his life this year, noting progress in employment, but also adding to the worrying spread of the variant. of the Delta. “We will be carefully assessing incoming data and evolving risks,” he said. A pretty bad comment that made the stocks go up and the dollar go down.
The Swiss franc was the best player against the green dollar, while the Japanese yen was the worst. The EUR / USD flirted with 1.1800, staying close, while the GBP / USD declined around 1.3800. Commodity-linked currencies advanced, with AUD / USD currently trading around 0.7300 and USD / CAD hovering around 1.2610.
The golden gold shot up up to $ 1,819.26 a troy ounce, the highest in three weeks, ending the week at around 1,817. Crude oil prices experienced a modest advance, with the WTI at $ 68.60 a barrel.
Wall Street concentrated, with the S & P500 and Nasdaq Composite posting record closing in the middle of the The US Federal Reserve will maintain financial support, despite falconry comments from several Fed officials.
U.S. Treasury yields retreated from weekly highs, but settled at the upper end of their range. The yield on the 10-year Treasury bill stands at 1.31%.
The price of Bitcoin longs for a firm break above $ 50,000, amid the expiration of the options that appear
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