Asia Recap: AUD firms up ahead of Jackson Hole

By FXstreet.com | August 21, 2014 AAA

FXStreet (Bali) - The Australian Dollar was the best performing currency in Asia, with the US Dollar generally weaker.



Moves were subdued though, with market particiapnts sidelined in ahead of the Jackson Hole Symposium, in which several central bankers, including Fed's Yellen, ECB's Draghi and BoJ's Kuroda are due to deliver some potential market moving headlines.



AUD/USD saw the largest move, after buyers managed to chew a slack of offers above the 0.93 area to set a session high of 0.9318. USD/JPY tested Thursday's high but failed to see enough commitment from the buy side to extend gains, leading to a retracement towards 103.80 on some profit-taking before Yellen's speech. The rest of G10 currencies presented very limited moves to report.



In the fundamental front, the Asian calendar was vacant, as it it in Europe, with only Canada's CPI and retail sales risk events to pencil in before headlines out of Jackson Hole start hitting the wires.



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