Weekly Outlook for Usd
Quotes from Barclays Capital:
-Fed Chairman Bernanke's Jackson Hole speech on Friday will be the focus for the week. We do not expect the chairman to send a strong signal on the likely outcome of the September FOMC, which may disappoint the market and would likely be USD positive.
-Economic data are broadly expected to be USD supportive as well, with consumer confidence (Tuesday, BC: 67.0, cf. 65.
, US Q2 GDP second release (Wednesday, BC: 1.8% q/q, cf. 1.7%), personal spending (Thursday, BC: 0.4% m/m, cf. 0.5%) and initial jobless claims (Thursday, BC: 370K, cf. 370K).
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