Currencies Brief – 22nd August 2017

Pound has been steadily declining and Euro is boosted with the Bundesbank prediction that germany is better than analyst expections on its path to recovery says Currencies Direct, the UK based foreign exchange broker and hassle free international payment provider. The full article can be read in this link - https://www.currenciesdirect.com/en/news/currency-news/brexit-hangs-over-pound,-euro-boosted-by-bundesban

"This could be a platform for the U.S. dollar," Innes said, referring to the Jackson Hole conference. The full article can be read in this link - https://in.reuters.com/article/uk-global-forex-idUSKCN1B203I

Pound has fallen more than 3% since start of august owing to the perceived change in tack at the Bank's latest policy meeting and a broader recovery for the U.S. currency. The full article can be read in this link - https://in.reuters.com/article/uk-britain-sterling-idUSKCN1B20TE

The euro rose to a session high in afternoon trading, while the 10-year Treasury yield saw a modest decline and U.S. stocks fluctuated. Military exercises near the Korean peninsula kept concerns simmering over North Korea, while extended positioning was seen as a risk to euro longs, traders said. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-21/dollar-drops-to-lowest-since-jobs-data-as-euro-regains-1-1800

Bhaskar Panda of HDFC Bank said, "The dollar index has been keeping above 93 mark ahead of the Jackson Hole conference. The USD-INR pair is also in a consolidation phase." The full article can be read in this link:

http://www.moneycontrol.com/news/business/markets-business/indian-rupee-opens-flat-at-64-09-per-dollar-2366023.html

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