The dollar remains under pressure as the dovish implications of Fed chair Powell’s Jackson Hole speech continue to weigh. This has been exacerbated by comments from vice Fed chair Richard Clarida regarding yield curve control still being in the Fed’s toolkit. This has flattened the yield curve once more. In addition, this morning there has been an encouraging set of China PMIs (the Caixin Manufacturing beating estimates) which has helped to stoke risk positive sentiment.
Regards
I.A