FXStreet (Guatemala) – Analysts at Brown Brothers Harriman noted the vast amount of uncertainty in the market.
Key Quotes:
“As financial markets try to find some degree of stability, expectations for the timing of the first Fed hike keep shifting.”
“Most of the newfound dovish views on the Fed have premised this on the elevated market volatility and/or the developments in China.”
“All of this only heightens the pressure on Fed Vice Chair Fischer when he speaks on the 29th of August at Jackson Hole.”
“After a volatile session, the Shanghai comp ended the day down 1.3%.”
(Market News Provided by FXstreet)