Now it is all about Lockhart; change of tone now? – Rabobank

FXStreet (Guatemala) – Analysts at Rabobank noted that there is very little data releases have been scheduled today with only the release of the Chicago Fed activity index likely to be of any interest.

Key Quotes:

“The Fed’s Lockhart is due to make a speech late in the session.”

“Lockhart indicated on August 10 that he was still disposed towards a September rate hike from the Federal Reserve and then viewed the risks from abroad has having receded.

In view of the build up of concerns stemming from China since then, the market will be watching for any signs that Lockhart may have softened his view.”

Analysts at Rabobank noted that there is very little data releases have been scheduled today with only the release of the Chicago Fed activity index likely to be of any interest. The Fed’s Lockhart is due to make a speech late in the session.

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