Jackson Hole in Focus – Market participants are keeping a weather eye on the Korean peninsular, with Pyongyang today warning of a “merciless strike” as the U.S. and South Korea prepare for military drills. The upcoming meeting of central bankers at the annual Jackson Hole economic policy symposium (starting this Thursday), is also in focus, especially with major central banks under pressure to unwind ultra-accommodation monetary policy settings. EURUSD continued to ply a narrow range in the mid 1.17s. Gold had a rallied up to 1300.00 level but holds a support above 1285.00, while oil prices have now passed the historic low prices seen in recent years.
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