The Zhitong Finance App learned that as the Jackson Hole Global Central Bank Annual Meeting kicks off this Thursday, the foreign exchange market is focusing all its attention on Federal Reserve Chairman Kevin Walsh's keynote speech on Friday. Against the backdrop of US Treasury Secretary Scott Bessent's unexpected intervention in the bond market last week and long-term US bond yields once approaching a 20-year high, the dollar trend is at a delicate and fragile crossroads. The flow of funds in the options market shows that traders are quietly increasing their hedging against the further rebound of the US dollar, although they also admitted that this high-profile speech may eventually be “unsurprising.”
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that as the Jackson Hole Global Central Bank Annual Meeting kicks off this Thursday, the foreign exchange market is focusing all its attention on Federal Reserve Chairman Kevin Walsh's keynote speech on Friday. Against the backdrop of US Treasury Secretary Scott Bessent's unexpected intervention in the bond market last week and long-term US bond yields once approaching a 20-year high, the dollar trend is at a delicate and fragile crossroads. The flow of funds in the options market shows that traders are quietly increasing their hedging against the further rebound of the US dollar, although they also admitted that this high-profile speech may eventually be “unsurprising.”
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