US Dollar holds on to the gains made yesterday ahead of the Jackson Hole Symposium later this week, were the likes of Janet Yellen and Mario Draghi are expected to speak.
The US Dollar index is at 93.53 at the time of writing and continues to show support for the buck.
Yesterday EURUSD slipped to session lows of 1.1745 after opening at 1.1812 and so far euro is still unable to recover this morning after suffering a small setback yesterday. Euro was not helped by the ZEW economic sentiment surveys for August that came in lower for both Germany and the EZ as a whole.
Yesterday the mood was good for US equities that closed in the positive, speculation of progress being made on the much awaited tax proposals helped lift sentiment. However Asia lost that optimism this morning and we see some of the major equity indices there slipping into negative territory.
Comments by US President Trump have been seen as the culprit of negative sentiment this morning. In his comments during a rally in Phoenix, Trump vowed to build the Mexico wall even at the cost of a Government Shutdown.
Later today ECB president Mario Draghi is scheduled to deliver a speach in Germany. On the economic data front its mostly about PMIs out of the EZ and the US as well, but we will also have US new Home Sales and EZ consumer confidence.
