Daily economic digest from Forex.ee

Daily economic digest from Forex.ee

Stay informed of the key economic events

Monday, August 21st  

Today the EUR/USD pair stepped below the level of 1.1750, despite strong risk-off trend, which was dominating the market in Asia. Seems that renewed demand for the US dollar remains the key determinant for the pair at the start of this week amid lack of any fundamental drivers. Moreover, last week’s ECB minutes, which showed worries of the regulator regarding higher exchange rate of the common currency, are still weighing the pair on Monday. However, shrinking risk appetite, backed by reappeared concerns over the conflict between the US and N.Korea, may provide some support to the euro, thus limiting pair’s further losses. Today nothing important is scheduled in data calendar, so the pair will continue to trace global market sentiments, while investors are slowly shifting their attention to the main event of this week – Jackson Hole Symposium, which will begin this

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