Dollar index steady; Jackson Hole meeting in focus

EURUSDAug20d

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.

Investors looked ahead to Thursday's annual Jackson Hole gathering of central bankers and economists.

The monthly increase in U.S. house prices was held at 0.1% for June compared with consensus forecasts of a 0.4% advance and the year-on-year increase slowed to 6.5% from 6.9%. Investors are awaiting speeches from both Fed chair Janet Yellen and Mario Draghi.

"I therefore consider levels beyond (this month's) high of $1.1910 to be extremely risky ahead of Jackson Hole", she said. It has underperformed so far this year amid generally lackluster US data and a Federal Reserve that has stuck to a gradual monetary tightening pace. Mr. Draghi, the European Central Bank chief, will speak Friday afternoon.

Gold stocks showed a significant move to the upside, however, with the NYSE Arca Gold Bugs Index climbing by 1.7 percent.

'This reticence to comment may also have something to do with the fact that there appears to some concern on the governing council about an overshoot to the upside for the euro, particularly given the recent weakness of the U.S. dollar'. The U.S. dollar has underperformed so far this year on doubts about President Donald Trump's ability to fulfil his economic agenda amid turmoil in the White House, and on the Fed's go-slow approach on tightening due to tepid inflation.

TN to probe Jayalalithaa's death
Both Palaniswami and Panneerselvam reached AIADMK headquarters in Chennai today, shook hands marking the merger of both camps. The party split after Panneerselvam opposed the elevation of VK Sasikala as legislature party leader earlier this year.

Quantum Break To Get Xbox One X Enhancement
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Boston Aims to Keep Peace Amid Right-Wing Rally, Counterprotests
Walsh noted it's a spot where Frederick Douglass, Martin Luther King Jr., and President Barack Obama have spoken . The nearby Swan Boats in the Boston Garden will not be operating, among other tourist attractions.

New Zealand government bonds eased, sending yield one basis point higher across the curve. If they come in even lower than expected, the Euro could weaken.

There were few attention grabbers on a very sombre Monday trading session as the market was left recirculating headlines in thinly traded conditions.

UBS research suggests more than 60 percent of EM carry trades - borrowings in cheap developed economy currencies invested in higher-yielding emerging currencies - are denominated in dollars, Narain said. Earlier expectations coming into the conference was for a historic announcement signaling the end of the ECB's €60 billion ($70.87 billion) bond-buying by the end of the year.

Fujitsu rose 0.6 percent on a Nikkei report that the company is looking to sell its mobile phone business amid stiff competition. IHS Markit's composite purchasing managers index for the currency area - a measure of activity in the manufacturing and services sectors - is forecast to fall a little in August, but remain close to the levels recorded in July.

The effects of last year's Brexit vote is starting to reflect on the United Kingdom data docket and the most recent Bank of England minutes showed shifting sentiment in the central bank.

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