Market awaits Fed’s Powell at Jackson Hole
As North American traders enter for the day, the AUD is the strongest and the JPY is the weakest. The USD is mixed with a tilt to the downside. The greenback is down vs the EUR, GBP, AUD and NZD. It has modest gains vs the JPY and CAD and unchanged vs the CHF. Fed’s Powell speech at Jackson Hole at 10 AM ET is the main event. Before that at 8:30 AM ET, US personal income/spending along with PCE price data for July will be released. Also Advanced goods trade balance will also be released.