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Tuesday, August 22nd
The EUR/USD pair corrects lower after yesterday’s rally, having broken through the level of 1.1800 on the back of recovery of the US dollar across the market. Adding to this, slightly improved risk sentiments amid cooling off conflict between the US and North Korea also negatively affect the pair on Tuesday. However, all traders’ attention remains on the Jackson Hole Symposium, where members of CBs, including J.Yellen and M.Draghi, will deliver speeches on monetary policy of banks. That is why the market will keep its cautious stance ahead of the key event of this week. But for now all eyes remain glued to German ZEW Economic Sentiment, while the US economic docket will continue to keep silence for the second consecutive day, so broad market trend will remain as a key determinant for the pair throughout the NA session.