CCY Corner: USD Direction

On the final day of the month, the US Stock-Index Futures signal a continuing decline in the opening week of the new September month. Expectations for the FED to raise rates has obviousl been revived and may still be the certain stage message set at the Fed's annual retreat at Jackson Hole, Wyoming.

Concerns of inflation had diminished setting the pace for the rate hike contrary to many calling a probable delay due to the recent market conditions in the global stock market. Value on Asian currencies had been in focus led by the declining Malaysian Ringgit, contrary to the Yen's strength reaching a 116.07 against the USD. However, the USD has enjoyed a price recovery with the Yen as it is currently trading @121.16 as of this writing. The volatility of the currency market, likewise would continue as market vulnerability in te Chinese stocks at the opening Asian session have drifted lower; a sign of uncertainty as to what China regulators would do in the event of a massive price move in the markets.

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 CCY Corner: USD Direction