XE Market Analysis: North America – Aug 28, 2015

The dollar traded moderately softer, though directional impetus was lacking in forex markets as the stock market rebound flagged in Europe after a second day of gains in Asia. Market participants hunkered down, wary of a potential tape bomb from the Fed’s gathering at Jackson Hole given the still open-ended ‘to hike, or not to hike’ question. EUR-USD firmed after three successive down days, leaving an intraday peak was seen at 1.1309 following an above-forecast ESI economic sentiment survey out of the Eurozone.

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