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The euro and the pound are slightly weaker at the start of the session, but nothing that really stands out too much, with the dollar still looking mixed in anticipation of Fed Chairman Powell’s speech at the Jackson Hole Symposium this week.
Major currencies largely remain in narrower ranges for the most part and although EUR / USD is at the session low around 1.1810, the pair is only trading in a 32 pip range.
US futures remain more stable and this gives little conviction for a major risk tilt in European morning trade. Yields on Treasuries are slightly higher though, so this is something to be aware of in case we start to see the yen pairs turn around later in the day.
Otherwise we could be for another quiet and choppy session as the market gears up for the Jackson Hole Symposium in the second half of the week.
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