Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans 
European Regulators Clash With U.S. Treasury Over Private Credit Transparency 
South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens 
Wall Street Rises as SK Hynix’s Record Nasdaq Debut Steals Spotlight Ahead of U.S. CPI Data 
Fed Reaffirms 2% Inflation Goal, Vows Forceful Action to Anchor Price Expectations 
BOJ May Raise Japan Growth Forecast While Keeping Focus on Inflation Risks 
Gold Price Climbs Over 1% as Dollar Weakens, Fed Rate Debate and Iran Tensions Remain in Focus 
Fed Chair Kevin Warsh Launches Task Forces to Overhaul U.S. Monetary Policy Framework 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
EU Weighs New Trade Restrictions on Israeli West Bank Settlements 
Dollar Slips as Oil Prices Ease, Fed Rate Outlook Remains Uncertain 
The U.S. Treasuries jumped Wednesday as investors wait to watch the Federal Open Market Committee (FOMC) member Kaplan’s speech, scheduled to be held today by 13:05GMT. Also, markets remain focussed to observe the speeches from the upcoming Jackson Hole Symposium, scheduled to be held on August 24 for detailed insight into debt trading.
The yield on the benchmark 10-year Treasury, slumped nearly 2 basis points to 2.20 percent, the super-long 30-year bond yields also plunged 2 basis points to 2.77 percent and the yield on short-term 2-year note traded steady at 1.32 percent by 12:10GMT.
In the US, along with the flash Markit PMIs for August today will bring new home sales data for July. In addition, the Treasury will sell 2Y FRNs.
This week, top central bankers including the Fed’s Yellen and ECB President Draghi will gather for the Jackson Hole economic symposium. Central bankers gather Thursday through Saturday in Wyoming and the markets focus will be on Yellen’s speech Friday morning on financial stability, while Draghi will speak Friday afternoon.
The 2017 symposium will focus on “Fostering a Dynamic Global Economy” in an annual event that gathers hundreds of central bankers, finance ministers, policymakers, academics and economists in order to exchange ideas the economic issues, implications, and policy options pertaining to the symposium topic.
Meanwhile, the S&P 500 Futures traded 0.35 percent lower at 2,444.25 by 12:10GMT, while at 12:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -31.53 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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