Morning market update 26 08 2021:
Risk on sentiment continued overnight with the DXY moving lower below 92.80 long NZDUSD from 0.6955 and short EURNZD from 1.6896 is still being held with a focus on closing it out based on how the Asian session plays out today and then leading into Jackson Hole tonight also GDP with a beat on expectation providing some ammo for the Fed with tapering in the front of mind present. Friday night brings Powell speaking with a chance of a change of tone given the closing approach to the end of year the risk of a hawkish tone is reasonable although his track record suggests it will be as contained as possible with the Delta variant offering an out from dealing with the situation for now.
USD index 26 08 2021:
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