What you need to know on Thursday, August 26:
The dollar balanced between gains and losses, but resumed its slide during US trading hours to hit new weekly lows against most high-yielding rivals. Wall Street rebounded and the S&P 500 hit new all-time highs.
Yields on US Treasuries also moved, with the 10-year yield reaching 1,352%.
Commodity-linked currencies were the best performers, with AUD / USD reaching 0.7280 while USD / CAD is trading around 1.2590. The EUR / USD pair advanced slowly and is currently trading around 1.1770. GBP / USD extended its advance to the 1.3760 price zone.
Gold closed at around $ 1,790 a troy ounce, declining during the day, while crude oil prices rose, and WTI closed the day at $ 68.20.
The Delta variant of the coronavirus continues to concern speculative interest. A study carried out in the United Kingdom showed that protection against vaccines diminishes after six months of receiving the injections. Meanwhile, Johnson & Johnson recommends a second injection to boost immunity to its single-dose vaccine.
The Jackson Hole Symposium begins this Thursday, although the main event will be the speech of the president of the Federal Reserve of the United States, Jerome Powell, on Friday.
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