Europe Market Open: Markets are back to business after the Olympics
|August has not been the greenback's best month. The dollar dipped against its peers as the chances of a rate hike slipped away. The minutes showed little appetite for further hikes, despite some comments from Yellen's peers. However, some kind of slide in oil prices and uncertainty towards the Jackson Hole Symposium help the world's reserve currency. /the pound was unable to fully capitalize on the good post-Brexit figures which should have lifted the dark clouds. Also commodity currencies seemed unable to break higher, Was the market out of focus due to the Olympic Games? Well, they are over now, and it's back to business.
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